Dogecoin Bottoms Out, Bulls Eye $0.10 Breakout

Dogecoin (DOGE) is showing signs of a possible long-term bottom as bulls defend key support and target breakouts towards $0.10 and $0.25.

After months of steady selling, DOGE has spent several weeks compressing near the $0.07-$0.09 area rather than continuing to make aggressive new lows.

The daily chart shows a cluster of EMAs forming beneath the current price, and DOGE is now trading above that group of averages. This could be part of a possible long-term bottoming process.

Momentum on the four-hour chart has also started to improve with a recent TD Sequential buy signal around $0.0839 after a sharp corrective move from the $0.09 region.