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Dogecoin held on to key Gann support at $0.0711, and its target rebounded to $0.0865 and $0.1051

2026-07-23 00:36:00
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Dogecoin adheres to the key support level of US$0.0711. Technical signals indicate that market momentum may turn to

Dogecoin is currently guarding an important support level near US$0.0711. Technical indicators show that market momentum may change. Market analysts pointed out that the memecoin is in a multi-year bullish divergence pattern, while trading in areas that have marked important turning points many times in history.

Technical form outlines the market outlook

Analyst Surf found a hidden bullish divergence on the Dogecoin chart. He pointed out that between June 2022 and June 2026, the currency price reached a higher low, while the Monthly Relative Strength Indicator (RSI) reached a lower low during the same period. This divergence suggests that downward momentum may be compressing faster than prices themselves and is often seen in technical analysis as a precursor to a possible resumption of the uptrend.

In recent years, kinetic energy has declined more than the price itself, a situation that sometimes triggers the continuation of a larger upward trend. The current structure suggests opportunities for long-term layout, but there is no guarantee that a reversal has begun.

However, technical confirmation requires Dogecoin to maintain its upward support for many years and break through nearby resistance levels. If support fails, potential bullish deviations will be negated, increasing the risk of further price declines and weaknesses.

Key Gann levels come into focus

Dogecoin also hit the US$0.0711 mark on the Gann Nine Chart. This technical indicator is often used by traders to predict market turning points and support/resistance levels. Analyst Cantonese Cat pointed out that during the bear market from 2021 to 2026, Dogecoin repeatedly responded to various key levels in Gann's theory.

(Small Dictionary: Gann's Nine Square Chart was created by W.D. Gann and is a technical analysis tool that identifies potential support and resistance levels by plotting prices on a spiral grid based on square root calculations.)

If Dogecoin successfully holds the support level of US$0.0711, analysts believe it may rebound, targeting the next resistance levels of US$0.0865 and US$0.1051. However, chart observers caution that these signals based on Gann's theory do not by themselves confirm the direction of the market; Dogecoin still needs to regain both resistance levels to show a broader trend reversal.

US$0.0711-Gann's key support-If it is held, the rebound target is US$0.0865, and the momentum may change

US$0.0865-Gann's resistance-If it breaks through, a partial reversal is confirmed

US$0.1051-Gann's resistance-If it recovers, Confirmed weakening of broader downtrend

US$0.0585-Next support-If US$0.0711 falls, there is further downside risk

US$0.0482-Lower support-Downside risks intensify if trend line fails

Conversely, if Dogecoin continues to fall below US$0.0711, the market focus will shift to additional support levels calculated based on the same Gann method, namely around US$0.0585 and US$0.0482.

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