Dogecoin (DOGE) Price Prediction: DOGE/USDT Downward Retracement Breaches the $0.1200 Baseline
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Date: February 2, 2026
As the broader crypto market experienced a sharp downturn, the Dogecoin market also faced a significant bearish retracement. As a result, price action quickly dropped below a key psychological support level.
DOGE/USDT Long-Term Trend — Bearish (Daily Chart)
Key Price Levels
Resistance: $0.1200, $0.1400, $0.1600
Support: $0.1100, $0.0900, $0.0800
The current session, along with the previous one, has produced modest upside price movement on the Dogecoin daily chart. This can be observed through the appearance of two small green candles. However, price action remains below the 9-day Exponential Moving Average (EMA). Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are converged in the oversold region.
Dogecoin (DOGE) Price Prediction: DOGE/USDT Upside Move Remains Weak
While Dogecoin’s daily chart has shown a slight recovery in recent sessions, upside momentum remains limited. The last two price candles are still positioned notably below the 9-day EMA.
In addition, although the SRSI lines are converging for a potential bullish crossover in the oversold region, they have yet to rise decisively. This suggests that bullish forces continue to face strong resistance before any meaningful upward movement can occur.
Dogecoin (DOGE) Price Prediction: DOGE/USDT Shows Short-Term Strength
On the 4-hour chart, Dogecoin price action is maintaining a short-term bullish bias. The most recent candle is green and shows upward movement toward the 9-day EMA. In fact, the ongoing session is currently testing the EMA level.
At the same time, the SRSI lines are tilted upward and have moved above the 50 threshold. This trajectory indicates that bullish momentum may be building, potentially pushing the price toward the $0.1150 target level.
