Is Dogecoin Reaching Its Bottom? Analysts Analyze Chart Trends

Dogecoin is finishing the first week of 2026 positioned near several significant support levels. Three analysts focusing on charts are considering a vital question: is this a higher low that signals the beginning of a broader bottoming process, or merely a pause within a larger correction?

Key Takeaways

Dogecoin appears to be holding on to important support levels.
Analysts discuss signs that may indicate a potential bottoming process.
Key Fibonacci retracement levels at $0.11778 and $0.10879 are critical to watch.
The weekly trend is being monitored closely by traders.

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Annual Dogecoin Overview

Looking at the yearly chart, analyst Cantonese Cat depicts 2025 as a period where Dogecoin maintained support at the 0.786 log Fibonacci level, around $0.10879. The market ended the year with an inside candle pattern, emphasizing that the relevant factor here is structure rather than momentum. "DOGE finished 2025 successfully holding the 0.786 log fib as support, forming an inside candle which leans toward bullish continuation," the analyst notes.

Dogecoin yearly chart analysis | Source: X @cantonmeow

The analysis also indicates that if the 0.786 level holds over longer timeframes, the structural upside towards the next critical level, the 1.0 fib mark at approximately $0.73905, remains open, although this target is not anticipated in the immediate future.

Monthly DOGE Insights

Matt Hughes, also known as “The Great Mattsby,” narrows the focus with his monthly chart to a vital Fibonacci retracement level at $0.11778. The price appears to be sustaining that level while forming what is being labeled as a higher low. Mattsby shares his interpretation: "In my view, this looks like the higher low required to initiate the bottoming process, especially as the price holds at the 0.382 Fib retracement level."

Dogecoin monthly chart analysis | Source: X @matthughes13

He refers to the “.11–.12 zone” as an attractive option in terms of risk/reward. The thesis remains conditional; the market is not labeled as “bullish” simply due to a bounce. Instead, it is viewed as constructive because it is moving away from making lower lows while holding a definitive retracement. If the $0.11778 level fails on a monthly basis, lower references such as the 0.236 retracement near $0.08433 could come into play. Conversely, the next significant resistance levels to watch are $0.15428 (0.5) and $0.20210 (0.618), which may act as validation points if the market is indeed transitioning to forming a base.

Weekly Dogecoin Analysis

Kevin (Kev_Capital_TA) shifts the focus to weekly trends, sharing with his audience on X: “It’s still early, but Dogecoin is currently forming an attractive weekly reversal demand candle within a critical demand zone.”

Dogecoin weekly chart analysis | Source: X @Kev_Capital_TA

Kevin emphasizes careful and time-sensitive conditions: “If you confirm the weekly candle by the Sunday close and regain the 4HR 200 sma/ema on both Dogecoin and BTC, you might see the low established for this significant correctional phase and a subsequent upward movement. All attention is on the 88K-91K range for BTC.”

For Dogecoin traders, the immediate focus is clear: maintaining support in the $0.11–$0.12 region is crucial, while the weekly close will either validate or challenge Kevin’s reversal-candle theory.

If the price breaks below the $0.11778 monthly retracement, the narrative for a “bottoming” process may weaken quickly. However, if it holds and begins taking back resistance levels, the charts suggest that the market may be transitioning from a correction to base-building, with each confirmed close providing further evidence.

As of the latest update, DOGE is trading at $0.13242.

Dogecoin price chart
DOGE must overcome the red zone, 1-week chart | Source: DOGEUSDT on TradingView.com