Dogecoin Could Recover After Falling Through $0.1300 and $0.1250 Supports

Dogecoin remains under pressure after breaching key supports and trading beneath the $0.1350 resistance, outlining near-term downside risk and possible rebound levels.

Rich by Coin

2026-01-19

Dogecoin slipped below $0.12 this week, hitting a low of $0.1154, suggesting that a sustainable recovery could be challenging while prices stay beneath the $0.1350 resistance level. Technical indicators indicate that a continued recovery may be difficult under the prevailing bearish setup. The price action points to a fragile short-term trend as traders monitor key levels.

The token breached several supports, including $0.1300 and $0.1250, before finding a floor near $0.1154. A modest bounce followed, with prices moving back above $0.1220 and clearing the 23.6% Fibonacci retracement of the decline from $0.1512 to $0.1154. Dogecoin now trades below its 100-hour simple moving average, underscoring the near-term softness.

A bearish trend line has formed on the hourly chart with resistance at $0.1350, and the 50% Fibonacci retracement sits near $0.1330. The hourly MACD shows fading momentum in bearish territory while the RSI remains below 50, signaling continued selling pressure. If prices break above $0.1350, the next targets stand at $0.1380 and $0.140.

Conversely, a failure to hold $0.1250 could send the token toward $0.1220, with $0.120 serving as the main support. A break below that level opens the door to $0.1150 or $0.1135.

Dogecoin traded below $0.12 after a low of $0.1154, keeping a sustainable rebound out of reach while prices stay under the $0.1350 resistance. The setup remains bearish and suggests limited upside in the near term as traders watch key levels.

The price has breached several supports, including $0.1300 and $0.1250, before finding a floor near $0.1154. A modest bounce pushed it above $0.1220 and cleared the 23.6% Fibonacci retracement of the decline from $0.1512 to $0.1154. It now trades below its 100-hour simple moving average, underscoring near-term softness.

A bearish hourly trend line has formed with resistance at $0.1350, while the 50% Fibonacci retracement sits near $0.1330. The MACD shows fading momentum in bearish territory and the RSI remains below 50, signaling continued selling pressure. If prices break above $0.1350, the next targets stand at $0.1380 and $0.140.

Conversely, a failure to hold $0.1250 could send the token toward $0.1220, with $0.120 serving as the main support. A break below that level opens the door to $0.1150 or $0.1135.