Dogecoin Rebounds from Swing Lows: Here are Upside Fib Targets to Watch

Dogecoin tests key resistance as intraday rebound meets Fib ceilings while MACD bullish cross setup forms.

Notably, Dogecoin (DOGE) is posting modest gains today, trading around $0.138, up roughly 1.79 over the past 24 hours. Price action has unfolded inside a relatively tight $0.132–$0.138 daily range, with DOGE dipping toward the lower end early in the session before grinding higher into the current intraday peak.

Even with this short-term bounce, DOGE remains under pressure on higher timeframes, sitting about 7.3% lower over the past week and 12.3% down in the last 14 days. This suggests that today’s move is more of a relief rally within a broader cooling-off phase. The next moves on the technical charts will be crucial in showing whether bulls can build on this rebound or if sellers quickly regain control. 

Dogecoin Technical Analysis

On the 4-hour chart, Dogecoin is trying to stabilize after the drop from yesterday, with price rebounding from the recent swing low around $0.132 (0 Fib). That area now marks major support, as it aligns with the base of the current Fibonacci retracement structure. 

Above, DOGE is pressing into the 0.236 Fib level near $0.1378, which acts as immediate resistance and currently caps the recovery. A clean break and hold above this zone would open the door toward the next resistance band at $0.141–$0.144 (the 0.382–0.5 Fib region), followed by a stronger supply area at $0.147–$0.151 (the 0.618–0.786 Fib cluster).

If buyers fail to conquer the 0.236 level, support to watch on pullbacks sits first around $0.135, then back at the $0.132 floor; a loss of that base would risk extending the downtrend. 

Meanwhile, the RSI (14) has bounced from oversold territory below 30 and now sits near 38, signaling that downside momentum is easing but not yet flipped decisively bullish. This combination of a rebound off key support and a recovering RSI hints at an early attempt to build a short-term bottom as long as the $0.132 support area continues to hold.

MACD Bullish Cross Incoming?

On the commentary side, Trader Tardigrade’s 3-day Dogecoin chart focuses on the MACD indicator. The analyst highlights previous points where the MACD line (blue) crossed above the signal line (orange) from below, so-called bullish crosses. 

In the past two instances marked on the chart, these crosses were followed by strong multi-week upswings for DOGE, with prices moving from local lows into sizable rallies. Each prior signal occurred after a prolonged downtrend and while the MACD histogram was deeply negative, hinting at a shift from bearish to improving momentum.

The latest setup shows a very similar structure: price has pulled back toward the $0.13–$0.15 zone while the MACD lines compress and look close to crossing again in negative territory.