Dogecoin Eyes Reversal at Key $0.152 Support Level

Dogecoin (DOGE) is approaching a crucial price zone near $0.152 that may determine its next major move. Despite its continued downtrend, the meme coin is showing early signs of stabilization. DOGE has been trading within a narrowing range, with lower highs forming over the past few weeks. The recent rejection near the 200 EMA in early June confirmed bearish dominance, sending the price back toward the $0.160–$0.150 accumulation area.

This $0.152 level has historical significance, aligning with consolidation phases from late March and early April. Holding above this zone could signal that sellers are losing momentum, opening the door to a short-term recovery. If DOGE can build volume and reclaim short-term moving averages, a potential move toward the 100 EMA at $0.19 could materialize.

However, technical indicators still suggest caution. The RSI hovers around 37, reflecting weak momentum, and volume remains subdued, highlighting a lack of strong buyer interest. Dogecoin’s recent behavior resembles that of a low-volatility asset, lacking the speculative hype that previously drove its price spikes. Without a clear catalyst, the default trend remains bearish.

The coming days are critical. If DOGE can defend the $0.152 level with rising trading activity, a relief rally may follow. Failure to hold this support could lead to a drop toward the next key zone near $0.13, where historical support lies. For now, traders should watch volume and price action closely to gauge whether Dogecoin is setting up for a reversal or further downside.