Dogecoin Hits Key Support Zone at $0.0813

Dogecoin has retreated to the 0.618 Fibonacci level at $0.0813, a key support zone where traders are currently reacting.

According to analysts, multiple retests remain possible before acceptance is confirmed, with holding above $0.0813 keeping support valid while a close below raises deeper retracement risk.

The 4-hour chart for Dogecoin shows the price trading within the Bollinger Bands with the current price at $0.08 testing the lower band support at $0.08.

The Exponential Moving Averages (EMAs) of both 50 and 200 periods sit at $0.08, acting as long-term confluence resistance, while the Relative Strength Index (RSI) remains neutral at 36.9.