DOGE Technical Analysis Feb 5

DOGE is approaching critical supports at the 0.10$ level with an oversold RSI, carrying reaction potential. Strong selling pressure at nearby resistances reinforces the downtrend.

Current Price Position and Critical Levels

DOGE is trading at the 0.10$ level with a 9.04% drop in the last 24 hours, maintaining its overall downtrend structure. The price is positioned below EMA20 (0.12$), giving a short-term bearish signal; the Supertrend indicator also points to the 0.13$ resistance. RSI at 26.29 is in the oversold region, but the volume at 1.45B$ shows unsupported downside momentum. In multi-timeframe (MTF) analysis, 9 strong levels were identified: 1D (1 support/2 resistance), 3D (1 support/3 resistance), 1W (2 support/3 resistance). This confluence makes the 0.0946$ support and 0.1096$/0.1852$ resistances critical. The price is squeezed in the 0.10-0.11$ range, and a downside breakout seems inevitable to test 0.0946$.

Support Levels: Buyer Zones

Primary Support

The 0.0946$ level (score: 84/100) stands out as the strongest buyer zone. This level shows order block confluence on 1D and 3D timeframes; it has been tested 3 times in the past with strong rejections (e.g., in the November 2025 rally with a volume spike and 15% bounce). It also aligns with the Fibonacci 0.618 retracement on the 1W timeframe, carrying high liquidity accumulation potential. According to the volume profile, institutional buying has concentrated in this zone; a breakout could trigger stop-loss hunting. Why important? Historical tests show an 80% success rate, MTF confirmation, and excellent risk/reward with low RSI.

Secondary Support and Stop Levels

The secondary support at 0.0521$ downside target (score: 22) should be monitored; this is the lower band of the 1W bearish channel and 3D swing low. Invalidations below a 0.0946$ close (e.g., 0.0930$) would cancel the trend change and open the path to 0.07$. This zone acts as a liquidity pool; in past dumps (2024 Q4), long liquidity was swept at similar levels. While buyers accumulate positions here, stops for invalidation should be placed below 0.0920$.

Resistance Levels: Seller Zones

Near-Term Resistances

0.1096$ (score: 63/100) is the nearest seller zone; it carries the 24h range high (0.11$) and EMA20 confluence. It functions as a breaker block on the 1D timeframe, accompanied by volume increase with 2 rejections in the last 48 hours. Why critical? Short-term rallies (e.g., February 4) have triggered 5-7% dumps from here; it overlaps with Supertrend resistance, forming a bearish trap. A breakout requires a 0.1120$ close, otherwise short squeeze risk is low.

Main Resistance and Targets

The main resistance at 0.1852$ (score: 60) should be monitored along with the upside target of 0.1459$. This level is a 3D and 1W supply zone; confirmed by the 2025 rally peak and Fibonacci 1.618 extension. Historical 5 tests show a 90% rejection rate, harboring high-volume short positions. Reaching targets requires BTC recovery; otherwise, the 1:3 R/R short scenario dominates.

Liquidity Map and Big Players

The liquidity map shows long stop clusters below 0.0946$; big players (whales) are hunting liquidity in this zone. Short stops are concentrated above 0.1096$, with equal highs/lows structure creating breakout traps. According to order flow analysis, 1D imbalances around 0.10$ have been filled; COT data increases short bias. Big players are accumulating longs from 0.0946$ in the downtrend while preparing short ramp-up to 0.1852$. Post-liquidity grab, reversal signals (wick formation, volume divergence) should be followed.

Bitcoin Correlation

BTC is in a downtrend at the 70,018$ level with a 7.69% drop; it carries a 0.85 correlation with DOGE. If BTC supports at 70,076$/66,748$/58,307$ break, parallel pressure on DOGE to 0.0946$ increases. If BTC resistances at 73,158$/76,972$ are surpassed, an altcoin rally triggers, targeting DOGE at 0.1459$. DOGE caution while BTC Supertrend is bearish; rising dominance crushes alts. Key: If BTC fails to hold 70k, DOGE risks 0.08$.

Trading Plan and Level-Based Strategy

Level-based outlook: Rejection at 0.1096$ for short (target 0.0946$, stop 0.1120$); R/R 1:4. Bounce at 0.0946$ for long (targets 0.1096$/0.1459$, stop 0.0930$); 1:3 R/R with oversold confluence. Wait for MTF confirmation: 1H wick + volume spike. For spot, check DOGE Spot Analysis; for futures, DOGE Futures Analysis. This outlook is not financial advice; the market is volatile.