Dogecoin ($DOGE) could be preparing for a major move as the broader crypto market begins showing signs of recovery. After months of selling pressure, $DOGE is now trading near key support levels, allowing bulls to regain control. With strong community support and growing interest around Dogecoin, the current price could offer an attractive setup for traders looking for a potential recovery.
If $DOGE price manages to break higher from its current structure, the $0.078 and $0.09 levels could come into focus, while a stronger rally could eventually push the meme coin toward the psychological $0.10 target.
On the daily chart, Dogecoin is forming a falling wedge, with price making lower highs and lower lows while gradually compressing toward the apex of the pattern. This is important because $DOGE is now trading close to the lower end of the structure, around $0.070, with the lower support near $0.067. A breakout above the upper trendline around $0.074–$0.075 would be the first major sign that the trend could be shifting in favor of the bulls.
The indicators are also showing some encouraging signs. RSI is showing a bullish divergence, with momentum improving even as price remains weak, suggesting that selling pressure may be fading. Meanwhile, CVD has started to improve, indicating that buying pressure is returning to the market.
Dogecoin is showing some encouraging signs after a prolonged period of weakness, but the recovery still needs confirmation. The falling wedge, bullish RSI divergence and improving CVD suggest that selling pressure could be fading, giving $DOGE a chance to move higher from the current levels. If bulls break the $0.074–$0.075 resistance zone, the first realistic target would be around $0.078, followed by $0.085–$0.09. A sustained breakout above $0.09 could then bring the psychological $0.10 level into focus.
However, $DOGE needs to hold the $0.067–$0.068 support area to keep this setup intact. Overall, $0.10 is achievable in a bullish scenario, but it should be viewed as a later target rather than an immediate move, with $0.078 and $0.09 acting as important checkpoints along the way.