DOGE Has A Bottoming Test

What caught my attention with DOGE is how much the market has already washed out.

DOGE reached around $0.156 in January and later dropped to roughly $0.067. That is a serious reset from the 2026 high.

Now price has recovered toward $0.092.

The interesting part is that the recovery is happening around several long term signals.

The 10 day RSI reached extremely depressed levels before starting to recover. A crypto researcher also pointed to a CVDD signal after DOGE traded below $0.08.

CVDD is useful because it looks at the movement of older coins and the value destroyed through those transfers. It has historically been used to identify areas where long term holders are transferring coins at stressed valuations.

But I would not treat one indicator as proof that the bottom is confirmed.

The chart still needs to prove it.

DOGE has respected a rising channel that has acted as a major support area since 2021. The recent low near $0.067 also held above that broader structure.

Now price is sitting around the $0.092 area.

That level matters because the short liquidation cluster around it has already been taken out.

The next real test is $0.10.

This is not just a round number. It has also acted as a supply zone where sellers can become active again.

For me the important signal would be volume expanding while DOGE pushes through $0.10.

Without that confirmation a move above the level could simply become another rejection.

On the downside I would keep $0.08 in focus.

A deeper move below $0.08 would weaken the current bottoming argument and bring the previous low back into attention.

So yes the structure is improving.

But there is a difference between a market that looks oversold and a market that has actually confirmed a new trend.

DOGE has recovered from the lows.

Now it needs to prove that buyers can turn $0.10 from resistance into support.