Dogecoin price stabilizes near $0.147 as selling pressure finally eases

Traders Union
All News
Crypto
Dogecoin stabilizes after selloff

Highlights

Dogecoin stabilizes near $0.147 after months of persistent downside pressure.
Price reclaims short-term support but remains below key long-term EMAs.
Spot outflows persist, keeping the recovery tactical rather than trend-confirming.

The current pause follows a sharp decline from October highs, when DOGE steadily unraveled toward the lower $0.13 zone. That move flushed out leveraged longs and forced capitulation across shorter timeframes. While the broader trend remains negative, the market is now showing early signs of balance rather than acceleration to the downside.

Downtrend eases as short-term demand emerges

On the daily chart, Dogecoin’s broader structure remains bearish, but the intensity of selling has clearly moderated. Price continues to trade below the 50-, 100-, and 200-day EMAs, which remain stacked lower and sloping down, keeping the medium-term bias negative. However, DOGE has reclaimed the 20-day EMA near $0.14, a small but notable technical development that often marks the early stages of a relief or stabilization phase.

DOGE price dynamics (Source: TradingView)

The $0.135-$0.14 region has now transitioned into short-term demand. This zone has absorbed multiple downside probes, limiting follow-through selling and reducing the risk of an immediate breakdown. As long as price holds above this area, downside risk appears contained toward the recent $0.128-$0.132 base rather than opening the door to a deeper leg lower.

Momentum indicators support the stabilization narrative. Daily RSI has climbed into the high-50s after spending much of December in oversold territory. This improvement suggests buyers are gradually returning, although momentum remains below the 60-65 range typically associated with sustained upside trends. Importantly, there is no bearish divergence at present, reinforcing the view that the recent bounce is structurally healthy even if it remains corrective within a broader downtrend.

Short-term structure turns constructive

Lower-timeframe signals show clearer signs of near-term improvement. On the 30-minute chart, DOGE has been printing higher lows since the start of the week, supported by a rising Supertrend line near $0.145. Parabolic SAR has flipped below price, confirming short-term bullish control and signaling that sellers are no longer dictating intraday direction.

That said, momentum is beginning to stall just below the $0.15 level. Sellers have repeatedly stepped in near this zone, turning it into an intraday pivot rather than a clean breakout point. This behavior suggests profit-taking rather than renewed distribution, but it also highlights the lack of conviction required for an impulsive upside move.

Flow data adds nuance to the technical picture. Spot flows remain a headwind, with the most recent session showing roughly $4.7 million in net outflows. This indicates that some market participants continue to use rallies as opportunities to reduce exposure rather than accumulate aggressively. Without sustained spot inflows, upside extensions are likely to remain gradual rather than explosive.

Derivatives data, however, points to rising engagement rather than abandonment. Open interest has climbed toward $1.84 billion alongside a sharp increase in trading volume, suggesting traders are positioning for volatility rather than exiting the market. Long-short ratios across major exchanges are tilted toward longs but not at extreme levels, reducing the immediate risk of a crowded unwind.

Liquidation data further supports the short-term recovery thesis. Recent flushes have been heavier on the short side over shorter timeframes, implying that the latest move higher caught late sellers off guard. This dynamic can allow price to grind higher in the near term, even if the broader trend remains unresolved.

Key levels define the next phase

From a technical standpoint, DOGE needs a daily close above the $0.15-$0.155 zone to confirm a broader recovery phase. A move through that region would expose the declining 50-day EMA near $0.158-$0.16, which represents the first meaningful test for bulls. Acceptance above that level would materially improve the medium-term outlook.

Failure to reclaim $0.15, however, keeps the market vulnerable to rotation back toward $0.138 and potentially a retest of the $0.13 base. Until higher daily resistance is cleared, this remains a tactical bounce rather than a trend reversal.

In earlier analysis, Dogecoin was flagged as being in a prolonged distribution phase where any recovery attempts were likely to face heavy overhead resistance. Current price action continues to validate that framework, with stabilization emerging but long-term trend signals still unbroken.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.