Dogecoin has been one of the hardest-hit assets in this correction, with an 18% drop at the beginning of the analyzed session. Despite this, it has managed to defend the critical psychological zone of 0.1251 USD. The token needs to maintain this level and, crucially, the macro support at 0.1071 USD to avoid an accelerated decline.
The positive scenario for DOGE depends on a rebound driven by an external catalyst — such as a possible announcement related to its adoption by figures like Elon Musk — and a general market recovery. In such a case, the first technical target would be to recover its 200-session moving average, located around 0.17 USD, with a secondary target at 0.19 USD.
The condition is clear: if Dogecoin does not manage to recover its 200-session average and loses the support of 0.1071 USD, selling pressure would intensify, projecting the price towards the 0.07 USD zone. Its high degree of correlation with Bitcoin's movements makes it especially sensitive to the direction taken by the leading market.
