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Dogecoin Price Holds Above Weekly Base as DOGE Trades Near $0.108

Dogecoin Price Holds Above Weekly Base as DOGE Trades Near $0.108

2026-02-07

Massive cup and handle pattern

  • Dogecoin is trading around the level of around $0.1077 as it rejects an old weekly base at the level of $0.1024 support.
  • The current price is in the price range with the resistance being around $0.1099 and holding short-term upward movements.
  • The chart structure is weekly consolidation above the support level indicating that there is less volatility and controlled price movement.

Dogecoin is trading close to a weekly base, which is under close observation, having reverted to a long-term support area. The weekly chart indicates that price has come back to a formerly defended level which is denoted as a retest of the base. This act puts the market emphasis on whether structure prevails in the prevailing consolidation era.

Weekly Chart Structure and Base Retest

On the weekly chart, Dogecoin has again touched a horizontal base that previously halted declines. This base aligns with the visible purple support band shown across multiple historical candles. Notably, price respected this zone during earlier market cycles before large directional moves followed.

The chart also shows extended consolidation above the base, rather than immediate breakdown. This behavior suggests continued defense of the support area during recent weeks.
Furthermore, prior price swings above this zone created visible volatility clusters. Those clusters now sit overhead, shaping future reactions near resistance levels. The weekly candles currently show smaller bodies, indicating reduced directional expansion. As a result, market structure remains intact while price holds above the base. This setup leads directly into current spot price behavior and near-term levels.

Current Price Levels and Market Metrics

Dogecoin was trading at $0.1077 and it increased by 0.6 percent in the past 24 hours. The asset has a quoted value of a BTC pair of 0.051417 BTC with a 3.7% movement. The support is at $0.1024, which is nearly close to the emphasized weekly base area. In the meantime, resistance is observed at 0.1099 and this limits the recent upward movements.

Price has traded within this narrow band during the latest sessions. Consequently, short-term movement remains range-bound between support and resistance. This tight range explains the measured pace of recent candles. From here, directional clarity depends on interaction with these defined boundaries.

Key Levels Guide Price as Market Remains Range-Bound

Looking at today’s structure, two clear scenarios emerge from existing levels. In a bullish scenario, price holds above $0.1024 and pushes through $0.1099.  Such a move would place price above the current range high for the session.
 

Conversely, a bearish scenario develops if price slips below $0.1024. That outcome would return the price fully into the base zone shown on the weekly chart. Until either level breaks, price behavior remains technically contained. This balance keeps attention on the same weekly base that has shaped recent structure.

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