DOGE Tests $0.13 Support After 20% Monthly Decline

At the time of writing, Dogecoin is trading around $0.1337, suggesting a 1.43% in the last 24 hours. The price action reflects short-term buying interest, but upside momentum remains capped near $0.137–$0.138, where sellers continue to emerge. DOGE price chart, Source: CoinMarketCap Over the past month, Dogecoin has shown a clear bearish trend, forming lower highs and lower lows as the price slipped from around $0.162 to near $0.13. This move represents an approximate 20% decline, indicating sustained selling pressure with only weak recovery attempts. Dogecoin Monthly Structure Weakens With Price Below $0.16 The chart shared by Ali Martinez is based on the monthly timeframe, offering a long-term view of Dogecoin’s price structure. DOGE is currently trading near $0.14, following a clear rejection from the major resistance zone between $0.40 and $0.43. That rejection marked the end of a strong bullish phase and initiated a broader corrective move. Since then, the monthly candles show weakening momentum, with price failing to reclaim the $0.16 level, which has now flipped into a key resistance area. Source: X From a long-term technical standpoint, the monthly structure suggests Dogecoin is at a critical juncture. Holding above the $0.12–$0.10 support zone remains essential to prevent further downside, as a breakdown below $0.14 could accelerate selling pressure toward those levels. On the upside, a sustained monthly close back above $0.16 would be needed to signal renewed strength and shift sentiment back in favor of buyers. Dogecoin Holds $0.13 Support as Daily Chart Signals Weak Momentum On the 1-day Dogecoin price chart, the trend remains bearish to sideways, with price trading near $0.136 after a steady decline. DOGE is holding above a key support zone around $0.13–$0.125, where buyers have repeatedly stepped in. On the upside, resistance sits near $0.145–$0.15, a level that continues to limit recovery attempts and define the short-term range. DOGE 1-day price chart, Source: TradingView Looking at the indicators, the RSI (14) is hovering around 40.60, which confirms weak momentum but also indicates the asset is not deeply oversold. This suggests selling pressure is present but slowing. Meanwhile, the MACD remains slightly negative, with the signal and MACD lines still below the zero line, reflecting ongoing bearish momentum. However, the histogram is flattening, hinting at a potential loss of downside strength.