Dogecoin Could Soar 114% — But It All Depends on This Key Support Level

Jakarta, Pintu News – Currently trading at $0.1402, Dogecoin experienced a decline of 2.4% on December 9, with relatively narrow price movements between $0.1396 and $0.1443.

Despite the short-term decline, Dogecoin’s performance over the past 7 days showed a mild recovery of 3.3%, signaling a slight upward trend during the week. However, when looking at the performance over the past 14 days, Dogecoin recorded a larger loss of 5.8%, which is in line with the general market trend.

The price movements over this 24-hour and 7-day period reflect the level of volatility and uncertain market sentiment towards Dogecoin. In the midst of this situation, traders and analysts have started to look at technical indicators to get a clearer picture of the potential direction of Dogecoin’s price movement going forward.

Where will Dogecoin go?

Dogecoin Weekly Price Chart

Dogecoin’s weekly chart shows a downward trend in price, with Fibonacci retracement levels playing an important role as areas of support and resistance.

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After peaking at $0.30676, the Dogecoin price has decreased and is now moving towards lower levels. The Fibonacci 1 level at $0.130 is now the next strong support zone. The price is currently heading towards that area, with a potential upward rebound to retest the 0.786 Fibonacci zone above $0.168.

If the price fails to hold above this support level, then the next important zone to watch is $0.0208. Meanwhile, on the upside, the 0.618 Fibonacci level at $0.198 remains a strong hurdle.

The price had difficulty breaking out of this area in mid-October. If Dogecoin manages torally, this zone will be an important point to watch for potential rejection or breakout.

On the other hand, the ChandeMO indicator is currently in the oversold zone at -71.61, indicating bearish pressure or downward momentum. This adds importance to the observation of these support and resistance levels.

If the price manages to stabilize above $0.19753, then it could signal a change towards a more neutral trend. However, if the selling pressure continues, the price has the potential to drop deeper to near $0.021.

The Next Classic Rebound?

In a market review, AltCryptoTalk analysts highlighted that Dogecoin is currently retesting an important weekly demand zone, which has historically often been the trigger for major rallies.

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This zone is between $0.10 and $0.14, and has attracted many buyers in the past – such as when the Dogecoin price rose past $0.48 in late November to early December.

With the Dogecoin price now back near this important support level, there is a high probability of a classic rebound once again. If this demand zone holds, then the next price target is the resistance level at $0.30, which opens up huge profit opportunities in the short term.

To reach a price of $0.30 from its current position at $0.1402, Dogecoin would need to rise by about 114%.

FAQ

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a cryptocurrency that was originally created as a joke but has grown into a digital currency with a large and active community.

What is the current price of Dogecoin?

Currently, Dogecoin (DOGE) is trading around $0.1402.

Why did Dogecoin go up to $0.3?

Analysts predict a Dogecoin (DOGE) bull run based on technical analysis showing key support zones that could trigger a price rebound.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Here’s The Support Dogecoin Must Bounce From As It Eyes 114% Surge To $0.3. Accessed on December 10, 2025