What to know:
- Dogecoin (DOGE) holds key $0.07 support, signaling potential recovery after months of correction.
- BitGuru sees a $0.13–$0.15 target if DOGE breaks above $0.11 resistance.
- A drop below $0.065 could invalidate the bullish outlook and trigger renewed selling.
Dogecoin price appears to be stabilizing after months of price correction. The highly popular meme token appears to be holding a crucial level of support while technicals look better. A crypto analyst thinks that DOGE might be ready to make a comeback if the Dogecoin price breaks past a critical level of resistance in the coming months.
At the time of writing, DOGE is trading at $0.07054, up 1.6% over the last 24 hours. DOGE has recorded $826.89 million in 24-hour trading volume and has a market capitalization of $12.03 billion, making it one of the largest digital assets in the market.
Dogecoin Price Shows Recovery Signs
On July 29, 2026, BitGuru, a crypto analyst, presented an updated forecast on Dogecoin, adding that the Dogecoin price is still trading above the $0.07 support zone despite a protracted fall in price.
According to BitGuru, the latest movements indicate that the buyers are slowly making a return, meaning that this can be considered an accumulation stage. BitGuru further stated that when DOGE crosses the $0.11 level, the potential targets will be at $0.13 – $0.15.
But BitGuru also cautioned that a fall under the $0.065 level will put a bearish bias on the outlook and spark yet another sell-off.
It seems that all investors are looking for any indication of Dogecoin reversing its downtrend.
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Technical Indicators Point to Slow Improvement
As per the prevailing technical scenario, the recovery is at its nascent stage. The Relative Strength Index (RSI-14) is at 40.68, and the signal line stands at 39.14. As the Relative Strength Index is below 50, the demand situation is weak. Nevertheless, the RSI being above the signal line implies that the selling pressure has reduced.
The MACD indicator also makes a slight improvement. The MACD line is -0.00169, the signal line is -0.00191, and the histogram value becomes positive – 0.00022.
Even though the values of both MACD lines are still negative, crossing the signal line is usually considered to be an initial indication of improving momentum. However, more buying volume will be required before the rebound can be confirmed.
What’s Next for Dogecoin Price?
For the time being, however, the main question is whether the Dogecoin price can hold above $0.07 with sufficient momentum to take aim at resistance at $0.11.
The technicals are looking better, though not quite confirming a full reversal of trends as yet. A successful break above $0.11 would see the cryptocurrency eyeing up the $0.13 to $0.15 region, according to BitGuru.
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This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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