The 1-hour DOGE/USDT chart shows that Dogecoin has entered a very sensitive and decisive phase. The price is currently trading around 0.1314, a level reached after a strong recent sell-off. This zone is extremely important for traders because the next major move is likely to be decided from here.
Market Overview: Temporary Stability After Heavy Selling
Over the last few days, DOGE clearly faced strong rejection from the 0.145–0.148 area. Selling pressure from this zone was intense, pushing the price sharply lower and accelerating the downside move. This shift turned overall market sentiment bearish.
After the drop, price found some stability near the 0.128–0.130 zone, where buyers started stepping in. The current price action suggests the market is slowly moving out of panic and entering a short-term consolidation phase.
Key Support and Resistance Levels
Based on the chart, several levels are playing a crucial role:
Major Support: 0.128 – 0.130
This is the zone from which the recent bounce started. If this support breaks, the next downside target could be 0.122–0.125.Immediate Resistance: 0.133 – 0.135
For any short-term recovery, DOGE must break and hold above this area with strong volume.Strong Resistance: 0.140 – 0.145
This zone previously triggered heavy selling, so if price reaches this level again, profit-taking pressure may appear.
Volume Analysis: Panic Selling Followed by Calm
During the recent dump, volume spikes confirmed panic selling and stop-loss hunting. As price approached support, volume gradually declined, indicating that sellers are losing momentum and the market is entering a temporary balance.
An increase in green volume in upcoming candles would be an early sign of growing buyer confidence.
Trend Structure: Short-Term Bearish, but a Bounce Is Possible
On the 1-hour timeframe, the trend remains bearish, as the structure still shows lower highs and lower lows. However, consolidation near a strong support zone often leads to a short-term relief rally.
If the price manages to sustain above 0.135, the trend could temporarily shift to neutral.
Possible Scenarios: What Could Happen Next?
Relief Bounce Scenario:
If the 0.128–0.130 support holds, DOGE could bounce toward the 0.135–0.140 range.Further Dump Scenario:
A strong rejection and breakdown below 0.128 could push the price toward 0.122 or even lower.Sideways Consolidation:
DOGE may remain range-bound between 0.128 and 0.135 for some time until the market decides its next direction.
Final Thoughts
Dogecoin is currently trading in a clear make-or-break zone. Short-term sentiment remains bearish, but the presence of strong support also opens the door for a temporary recovery. Entering aggressive long positions without volume confirmation could be risky.
For traders, the best approach is patience, close observation of key levels, and strict risk management. The 0.128–0.130 support zone will likely decide DOGE’s next major move.
