Dogecoin at a Crossroads: Analysts Ponder if the Bottom is In as 2026 Kicks Off As 2026 begins, Dogecoin finds itself at a critical juncture, resting on a cluster of long-watched support levels. The burning question among three prominent crypto analysts is whether this marks a definitive bottom or merely another pause in a larger corrective phase. Their detailed chart breakdowns offer a layered perspective on the meme coin's immediate future.
Yearly Chart: A Structural Bullish Outlook
On the yearly timeframe, analyst "Canonese Cat" points to 2025 closing above the 0.786 log Fibonacci support, situated around $0.10879. This movement, characterized by an "inside candle," suggests a bullish continuation. The price respecting a major retracement line on a log scale and remaining within the prior year's range signals structural strength. The next significant resistance is identified at the 1.0 Fibonacci line, close to $0.73905, indicating substantial upside potential if the current support holds, even if the path isn't linear.
Monthly & Weekly Analysis: Defensive Holds and Reversal Hopes
Shifting to the monthly view, "The Great Mattsby" (Matt Hughes) highlights Dogecoin holding the 0.382 Fibonacci retracement level at $0.11778. This sustained defense is seen as a crucial "higher low" in the market, suggesting a bottoming process rather than a fleeting "dead cat bounce." Should this monthly level fail, lower supports near $0.08433 (0.236 retracement) become relevant. Conversely, a successful hold could pave the way for moves toward $0.15428 (0.5) and $0.20210 (0.618). On the weekly front, Kevin ("Kev_Capital_TA") notes Dogecoin forming a "really nice weekly reversal demand candle" within a key demand zone. For this bullish thesis to be confirmed, Dogecoin needs to maintain its position above this level by the Sunday close and reclaim its 4-hour 200 SMA/EMA, mirroring a similar move in Bitcoin (BTC), which is closely watched in the $88,000-$91,000 range.
The Path Forward for DOGE
The consensus among analysts suggests that Dogecoin's immediate trajectory hinges on its ability to defend the critical $0.11-$0.12 area. A strong weekly close confirming Kevin's reversal candle thesis would signal a potential shift from a corrective phase to a base-building period. However, a failure to hold the $0.11778 monthly retracement would quickly weaken the "bottoming" narrative, pointing to further downside exploration before a sustained recovery can truly begin. At press time, DOGE trades around $0.13242, with all eyes on how it navigates these pivotal support and resistance levels.
