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Home»Altcoins»Has the Dogecoin bottomed out? 3 analysts break down the charts
Altcoins

Has the Dogecoin bottomed out? 3 analysts break down the charts

2026-01-02No Comments4 Mins Read
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Dogecoin ends the first week of 2026 parked on a cluster of long-awaited supports, and three chart-focused analysts converge on the same question: Is this the higher low that sets off a broader bottom process, or just another break within a larger corrective leg?

The annual Dogecoin chart

On an annual basis, Cantonese Cat’s chart shows 2025 as 0.786 log Fibonacci support at around $0.10879, with the market pushing an inside candle to year-end. In that construction, the main conclusion is not the momentum but the structure: the price respected an important retracement line on a log scale and remained within the range of the previous year: “DOGE closed 2025 with a log fib of 0.786 as support and formed an inside candle, which favors a bullish continuation,” the analyst writes.

Dogecoin annual chart analysis
Dogecoin annual chart analysis | Source: @cantonmeow

The same annual chart also contextualizes what “continuation” on the annual view means: the next major reference level is the 1.0 fib lineup near $0.73905. That’s not presented as an impending target, but it does underscore why analysts are concerned about this zone: If the 0.786 level holds on higher timeframes, the charted top of the chart is structurally open, even if the path is not linear.

Related reading

The monthly DOGE chart

Matt Hughes’ monthly chart, also known as “The Great Mattsby’s”, sharpens the focus to a single precise level: the 0.382 Fibonacci retracement at $0.11778. The price is shown holding that line while cutting out what the chart labels as a higher low, and the analyst is explicit about what that would mean in terms of market structure.

See also  Fed returns the course on 'Reputational Risk' - will banks now embrace crypto?
Dogecoin monthly chart
Dogecoin Monthly Chart Analysis | Source: @matthughes13

“To me, this seems like the higher low needed to start the bottoming process, especially with price holding the 0.382 Fib retracement at 0.11778,” Mattsby wrote, adding that he sees the “.11–.12 zone” as attractive on a risk/reward basis. In this context, the statement is conditional: the market is not “bullish” because it rebounded, but is constructive because it is trying to stop making lower lows while defending a defined retracement.

Related reading

If that $0.11778 level gives way monthly, the same fib ladder shown on the chart will highlight lower references below it, including the 0.236 retracement around $0.08433. On the upside, the next visible retracement markers are $0.15428 (0.5) and $0.20210 (0.618), which would be the nearby ‘proof’ areas if this is in fact a basic process rather than a dead-cat bounce.

The weekly Dogecoin chart

Kevin (Kev_Capital_TA) shifts the emphasis to the weekly. Through X, he posted: “Still early, but Dogecoin is currently printing a very nice weekly reversal demand candle within a large demand zone.”

Dogecoin weekly chart analysis
Dogecoin weekly chart analysis | Source: X @Kev_Capital_TA

His terms are tight and time-bound: “If you can confirm that weekly candle before Sunday close and reclaim the 4HR 200 sma/ema on both Doge and BTC, then you could see the low for this major correction phase and move the countertrend to the upside. All eyes on 88K-91K on BTC.”

For Dogecoin traders, the immediate decisions are simple: Dogecoin should continue to defend the $0.11-$0.12 area, while the weekly close validates or denies Kevin’s reversal-candle thesis.

If the price loses the monthly retracement at $0.11778, the ‘bottom’ story will weaken quickly; If the market holds and begins to reclaim nearby resistance levels, the charts collectively argue that the market may be moving from correction to base building, confirming some close by.

See also  Crypto Market Analysis: Shiba Inu (SHIB) and Dogecoin (DOGE) Prices Fall After Selling Pressure at Key Resistance

At the time of writing, DOGE was trading at $0.13242.

Dogecoin price chart
DOGE must overcome the red zone, 1-week chart | Source: DOGEUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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Analysts bottomed Break charts Dogecoin
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