DOGE broke beneath $0.0713 during Tuesday's session, touching a low of around $0.0705 before pulling back. The daily candle was still open at the time, which means nothing is technically confirmed yet. A single intraday dip carries far less weight than a completed close under that level.
The $0.0713 area has acted as a floor since early July, buyers defending it repeatedly while sellers kept capping each recovery attempt at progressively lower highs. That combination produced a textbook descending triangle, a structure that tends to resolve in the direction of the prevailing trend. And the trend here has been down. DOGE trades below its 50-day, 100-day, and 200-day simple moving averages, so even getting back above $0.0713 would signal stabilization, not a reversal.
What the chart shows if price closes either side
A recovery before the session ends would put DOGE back inside the triangle. The first hurdle would then be the descending trendline near $0.0735, followed by the July 21-22 highs around $0.0738. Getting through that zone would at least break the sequence of lower highs, though the falling 50-day moving average near $0.07818 sits further out and would cap any broader bounce.
One detail worth noting: the RSI is sitting near 36 and has printed a higher low versus July 13, even as price edged to a slightly lower trough. That kind of divergence can signal fading sell pressure, but it does not on its own trigger a recovery. Price still needs to reclaim the floor first.
A confirmed daily close below $0.0713 shifts the focus to $0.069, the June 30 low and the lowest print visible on the chart. That level has not been tested enough to count as solid support. If it gives way too, the measured objective of the triangle sits near $0.0634, roughly 11% below where DOGE trades right now. That number comes from the pattern's own geometry, not a price target.
This article is for informational purposes only and does not constitute financial advice or an investment recommendation.
