Dogecoin (DOGE) Price Prediction: DOGE Holds Near $0.067 Low as Oversold RSI and Rising Momentum Hint at Relief Bounce

Dogecoin is trading near a key support level after recent declines, with several indicators now pointing to an oversold setup that could signal an upcoming recovery. Dogecoin was trading at around $0.0698, down 0.60% in the last 24 hours at press time.

Source: Brave New CoinAccording to Brave New Coin data, Dogecoin is currently trading at $0.06973, down 0.90% over the past 24 hours, with a market capitalization of $10.83 billion and daily volume around $387 million.

Dogecoin remains under pressure, but some traders believe the current area could be where the next bounce begins. Crypto Tony said he is looking for a pump from these lows, arguing that a rebound here could spark a memecoin mini bull move.

A chart shows Dogecoin consolidating near lows, with an analyst looking for a rebound from current levels. Source: Crypto Tony via X

If buyers do step in, the first upside objective would likely be a recovery into the nearby resistance zone around $0.075. A stronger move from there could put the $0.079-$0.081 area back in focus.

However, if the current floor fails, the market could revisit the recent low near $0.067 and potentially expose a deeper slide towards the broader support area below.

Short-term market structure is also showing some early signs of improvement. CW noted that DOGE’s upward momentum has been growing, while net buying of long positions has started to appear.

That does not confirm a full trend reversal on its own, but it does suggest traders are becoming more willing to position for upside from current levels. When long interest begins rising after a prolonged decline, it can sometimes mark the early stage of a relief move, especially if spot price starts responding as well.

A chart shows DOGE gaining short-term momentum while long positioning begins to increase. Source: CW via X

Another factor supporting the rebound argument is the recent liquidation event. CW8900 also highlighted that DOGE rebounded after liquidating high-leverage long positions.

This kind of flush often removes crowded late longs from the market and resets positioning. In many cases, that creates cleaner conditions for price to stabilize, because excess leverage has already been forced out.

A heatmap chart shows DOGE rebounding after a long liquidation flush. Source: CW8900 via X

The significance here is that DOGE did not continue collapsing after that sweep. Instead, it managed to bounce, which suggests at least some buyers were willing to step in once the overleveraged positions were cleared.

The higher-timeframe picture is one of the strongest bullish arguments right now. Ash Crypto pointed out that DOGE is now at its most oversold levels ever on the monthly RSI.

The chart also notes that Dogecoin is down about 90% from its all-time high and has recently touched a three-year low near $0.067. More importantly, the monthly RSI is now shown as even more oversold than it was at the 2022 market bottom.

A chart shows Dogecoin at extreme monthly oversold conditions after falling to a three-year low near $0.067. Source: Ash Crypto via X

Extreme oversold readings can lead to panic short-coverings. That is why this area is getting attention from traders looking for a longer-term reversal or at least a strong relief rally.

GalaxyBTC highlighted a long-term Dogecoin chart showing DOGE trading near a major historical support zone. The current area around $0.067-$0.070 has acted as an important accumulation region in previous cycles.

A hold above this support could keep the broader recovery setup alive, with DOGE first needing to reclaim $0.075-$0.080 and then $0.10. A stronger breakout above these levels could bring the $0.22 and $0.73 resistance zones back into focus, while a full cycle recovery keeps the $1.00 DOGE price prediction target on the radar.

A long-term chart shows Dogecoin trading around a major historical support zone. Source: GalaxyBTC via X.

Dogecoin is now sitting near one of its most important technical zones in recent months. The immediate support remains around the recent low near $0.067. If DOGE loses that level decisively, the next broader downside area could come in around $0.060, while a deeper breakdown may expose the wider $0.055 region.

On the upside, the first resistance to watch sits near $0.075. Reclaiming that would improve short-term momentum and could open the way towards $0.080-$0.082. If buyers can push through that area, the case for a stronger recovery would become much more convincing.

Dogecoin is still weak on the higher-timeframe chart, but the market is now showing several signs that a relief bounce may be getting closer. Price is near the recent $0.067 low, momentum is improving, leveraged longs have already been flushed, and the monthly RSI has dropped into an extremely oversold zone.

That combination does not confirm a bottom yet, but it does make the current range important. If DOGE can hold support and reclaim $0.075, the next recovery leg could begin to build. If it loses $0.067 instead, then the market may need one more deeper move before a stronger reversal can develop.