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DOGE Dogecoin has shown signs of stabilizing after a long-term correction. Buyers have re-entered and held on to key support levels.
This popular memoin is currently trying to maintain above US$0.07, attracting close attention from the market. Investors are waiting to see whether its downward trend will reverse.
Dogecoin prices hold on to key support
As of now, the trading price of Dogecoin (DOGE) is US$0.07054, up 1.6% in the past 24 hours. The currency's daily trading volume reaches US$826.89 million and its market value is approximately US$12.03 billion, ranking among the world's largest digital assets.
Cryptocurrency analyst BitGuru released his latest view on July 29, 2026, pointing out that DOGE continues to trade above the US$0.07 support area. Although prices have been bearish in the past few months, BitGuru has observed recent price stabilization and a slight rebound in activity, which may mean that the market is entering a fundraising phase.
BitGuru views US$0.11 as a key resistance level and points out that once this level is exceeded, prices are expected to move towards the US$0.13 to US$0.15 range. However, he stressed that a fall below US$0.065 could trigger a new round of selling and cause the market to reassess the bearish outlook.
BitGuru pointed out that holding the support above US$0.07 has attracted buyers to return, and signs of raising suggest that if DOGE can break through the US$0.11 resistance, it may usher in a trend reversal.
Technical indicators suggest early recovery signals
The current technical form of Dogecoin shows preliminary signs of recovery, with key indicators intertwined with long and short but slightly positive. The relative strength index (RSI) on the 14th was 40.68, and the signal line was 39.14, both below the neutral 50 mark, indicating that demand is still weak. However, the RSI is above the signal line, suggesting that selling pressure is temporarily weakening.
The Moving Average Convergence/Divergence Indicator (MACD) also showed initial improvement. The MACD line is-0.00169, the signal line is-0.00191, and the histogram value is 0.00022, which turns positive slightly. Although both lines are negative, the MACD line's upward breakthrough of the signal line is often seen as an initial signal that momentum may turn. However, analysts agreed that a significant increase in trading volume is needed to confirm a clear rebound in DOGE.
Whether Dogecoin can continue to recover depends on whether it can hold the US$0.07 mark in the next few weeks and accumulate enough momentum to test the US$0.11 resistance level. According to BitGuru's forecast, if it breaks through US$0.11, the US$0.13 to US$0.15 range may be within reach.
Price levels and implications: Above US$0.11, the potential target is US$0.13 to US$0.15; below US$0.065, the risk of another selling increases.
Dogecoin is a decentralized cryptocurrency known for its meme origin and extensive online community participation. Since its birth in 2013, DOGE has always ranked among the top cryptocurrencies by market value.
