Dogecoin Surges 4% Today — Could DOGE Still Aim for a $1.40 Rally?

Jakarta, Pintu News – The price of Dogecoin (DOGE) fell back near the $0.10 area after a weekly rise that failed to break the resistance level on Binance. Meanwhile, according to an analyst, the weekly split PMO signal has returned to levels that previously preceded Dogecoin’s past rallies.

So, how is the Dogecoin price moving today?

Dogecoin Price Rises 4.54% in 24 Hours

As of February 3, 2026, Dogecoin saw a 24-hour gain of 4.54%, trading at $0.1060, or approximately IDR 1,774. Over the past day, DOGE fluctuated within a price range of IDR 1,677 to IDR 1,852.

At the time of writing, Dogecoin’s market capitalization is estimated at around IDR 301.9 trillion, with a 24-hour trading volume of approximately IDR 31.53 trillion.

Read also: Ethereum Climbs to $2,200 — What Could Be Next for ETH?

Dogecoin weakens after “failed hike”, but $1.40 target still possible

Dogecoin’s weekly chart on Binance shows that the price has weakened again after a brief rally was arrested at the long-term resistance zone, so the overall market structure remains bearish.

In an X (formerly Twitter) post on February 2, Cryptollica market analysts mentioned that DOGE had a “failed rally”, but that a medium-term target of $1.40 was still a possibility. A chart snapshot from TradingView shows that the Dogecoin price was repeatedly rejected around the centerline of the channel, with several corrections occurring each time the price touched that resistance area.

When the chart capture was taken, DOGE was trading around $0.104 on the weekly timeframe, briefly dropping below $0.10 before making a small recovery.

The chart also shows that DOGE managed to break out of the long downtrend line that started since its peak in 2021 near $0.75. Thereafter, DOGE formed a price foundation in the $0.04-$0.05 range during 2022 to 2023. This base zone became the cornerstone of a rally that took the price up to 2024 and reached a peak around $0.49.

However, the selling pressure in the area was quite strong, making the price drop back to the lower half of the channel.

In terms of momentum, it still looks weak. The RSI (Relative Strength Index) in the chart is in the low 30s, a level that often appears during prolonged selling pressure. Although this condition could open up opportunities for price bounces, trend reversal signals are not yet confirmed unless prices are able to break back through key levels.

For a bullish scenario towards the $1.40 target, DOGE should be able to hold at the lower channel support area around $0.10, then break back through the middle line of the channel and cross the previous supply zones around $0.26 and $0.40-$0.49.

If the $0.10 level is unable to be maintained, the chart indicates that the price may drop to the previous weekly consolidation zones, including the $0.065 range and the $0.05-$0.045 area.

Dogecoin chart shows PMO reset that once preceded weekly rally

Meanwhile, Dogecoin’s weekly chart shared by Tardigrade Trader analysts on TradingView shows that the cryptocurrency is entering the zone where the Price Momentum Oscillator (PMO) indicator previously bottomed out before the big rally.

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In his post on X, the analyst noted that Dogecoin had surged about 21,000% from 2015 to 2018, and about 800% from 2022 to 2024, after PMO had dropped to levels similar to today.

The chart marks the PMO’s previous low points with circles along the baseline, then shows the price spikes that followed.

The latest PMO reading is again close to that lower band, with the Dogecoin price currently below its previous high, after a correction from the 2024-2025 price range. This setup has the PMO as the main signal, while the price movement is still in a bearish phase on the right side of the chart.

If the pattern repeats itself, then this comparison indicates that Dogecoin could potentially start a recovery in the next few months, starting with a stabilization phase before trying to return to the previous resistance zone.

However, if momentum continues to weaken, the same chart also shows that PMO could remain at low levels for some time, with Dogecoin prices likely to fall further before a significant trend reversal occurs.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpaper. Dogecoin Price Prediction: $1.40 Rally or Back to $0.05? Accessed on February 3, 2026