2026-01-20 04:32:08

Dogecoin's recent decline caught many off guard, but a closer look at the chart reveals hidden clues. The current support level is quite strong, especially with that long lower shadow combined with increased trading volume, signaling some positive signs.

From both daily and weekly perspectives, the bottom area is gradually being built, and we are entering a critical accumulation phase. The overall trend is still in a downtrend. According to conventional trading logic, it’s not advisable to rush into a bottom-fishing during a decline, so I lean towards viewing the bottom cautiously. However, one thing is certain—the support at the 0.12 level is quite significant.

Previously, I mentioned that there is heavy selling pressure above 0.15, and a quick breakout is unlikely. The more expected rhythm is that the price will undergo a period of wide-range consolidation to gradually digest the previous decline.

In the short-term, I plan to wait for clear structural signals on the 4-hour chart before making any decisions.

DOGE1,73%

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PumpingCroissant

· 01-20 10:33

It's dropped again. The previous resistance at 0.15 really couldn't hold, and now I think 0.12 is the real value zone... But to be fair, we still need to wait for a clear signal on the 4-hour chart, so we don't get caught by a rebound.

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MetaverseVagabond

· 01-20 10:01

Here comes another master waiting, with 0.12 support so strong, why is it still falling like this? --- Long lower shadow, long lower shadow. I've seen this so many times, yet it still keeps going down. What to do when the signal fails? --- Wide-range fluctuation is just another way of saying "cutting leeks." Who dares to buy at this bottom? --- Waiting for signals on the 4-hour chart. So cautious that it probably has to wait until the next quarter. --- Heard too much about accumulation phases. When it really starts to rise, it’s always caught off guard. --- If 0.15 is heavily dumped, don’t expect a quick breakout. You have to take it slow. --- Not bottoming out is truly a wise choice. Those who bought the bottom before are now all regretting. --- It sounds good to stay cautious while watching the bottom, but no one can really maintain that mindset. --- Still trying to pick up bargains during the downtrend? That’s probably a trap.

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TradFiRefugee

· 01-20 05:02

If it doesn't go down below 0.12, I won't move. If this wave rebounds to 0.15 and then drops again, I'll be completely exhausted.

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ClassicDumpster

· 01-20 05:02

Talking about support levels and accumulation again. I've been hearing this set of rhetoric for at least three years. What if 0.12 breaks? Dogecoin is really this volatile. If it drops below the bottom support tomorrow, I want to see how you justify it. Wait, this logic... if you can't buy the dip during a decline, when can you act? Waiting for a signal on the 4-hour chart might take until the Year of the Monkey.

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DYORMaster

· 01-20 05:01

Talking about the 0.12 bottom line again, every time you say it, it will drop again next time.

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ser_ngmi

· 01-20 04:59

Bro, the 0.12 level is really solid, I'm watching it too. Wait, you said accumulation, but the downtrend isn't over yet? Doesn't that mean it still has to fall? Don't rush to buy the dip. That's a good point, I couldn't resist last time, and I'm still at a loss now. A long lower shadow is a good sign, but is the volume really increasing or is it just another trick to deceive retail investors? Wait for a signal on the 4-hour chart before taking action. This approach is reliable; anyway, I'm just relaxing.

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rekt_but_resilient

· 01-20 04:47

It keeps falling and rising, I just want to know if 0.12 will break. Picking the bottom still depends on whether the 4h chart gives a signal, no need to rush. Long lower shadows sound intimidating, but is the 0.15 barrier really that difficult? The market is oscillating, let's just watch quietly. Whether this wave can gather momentum successfully will be clear next week.

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DancingCandles

· 01-20 04:44

It's the same story about the long lower shadow again, claiming there's a hidden meaning every time, but it still ends up falling. Can 0.12 really hold? I doubt it. Wide-range fluctuations sound comfortable, but actually it's just lack of confidence. Just wait and see.

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