Dogecoin May Find Support at $0.10 or $0.062, Crypto Analyst Says
Crypto analyst Ali Martinez warned this week that Dogecoin could be headed toward lower floors if selling pressure continues, saying the meme token “could find support at $0.10 or $0.062,” a reminder that the cryptocurrency’s path still hinges on a few key technical lines. The comment came as DOGE traded roughly around $0.14, a price that has been oscillating inside a wide range since the spring rally fizzled.
The monthly chart Martinez shared, which lines up with the black-and-white chart circulating on social feeds this morning, highlights three clear zones: a mid-range pivot near $0.16 that acted as resistance earlier in the year, a nearer-term support cluster around $0.10, and a deeper floor down near $0.062.
Those levels are visible on long time-frame candles, and they matter because they have historically been the magnets that either halt a sell-off or accelerate one when they break. If buyers step in around $0.10, Dogecoin could find a base and attempt to reclaim higher weekly momentum; if $0.10 gives way, Martinez’s lower $0.062 level becomes the logical next test.
Market conditions are not doing DOGE any favors. Bitcoin’s recent weakness and a broader risk-off tone in crypto trading have kept meme-coins under pressure, and analysts note that macro events, like the U.S. Federal Reserve’s moves and liquidity swings, remain the main drivers of speculative markets. Recent coverage shows DOGE hovering near multi-week support as traders wait for a clearer directional catalyst, with 24-hour moves muted compared with earlier, more volatile months.
The Story is Straightforward
Momentum indicators on weekly and monthly frames are mixed. Short-term charts show consolidation and lower highs, meaning any relief rally needs conviction, sustained closes above the $0.16–$0.17 zone would open room toward the next resistance bands, while a daily close beneath $0.10 would likely accelerate a slide toward the deeper $0.062 area Martinez flagged. Several independent price models and exchange-based prediction pages currently place the coin in a narrow corridor for the rest of this month, reflecting that indecision.
Investor reaction to Martinez’s levels was predictable: some traders greeted the call as a useful checklist for stop-losses and re-entry points, while memecoin bulls pointed to longer-term narratives, celebrity endorsements, retail interest, and community-driven use cases as reasons the downside might be shallow. History has shown Dogecoin can rebound quickly when speculative demand returns, but it’s equally capable of sustaining long, grinding ranges when headlines and flows dry up.
For now, the door is open to two clear scenarios. In the bullish script, buyers defend $0.10, build volume, and push DOGE back toward resistance, where a weekly close above $0.17–$0.20 could invite larger players. In the bearish script, $0.10 fails, momentum sellers test $0.062, and short-term traders look for signs of capitulation before committing fresh capital. Either way, many traders say the smartest approach is to watch price behavior around the levels Martinez highlighted rather than to make bets based purely on hope.
Dogecoin’s story remains as much about psychology as it is about charts: a community that still roots for the token’s quick rally potential, and a market that will punish complacency. As Martinez’s warning shows, the immediate weeks will be telling; the $0.10 cushion is the day-to-day hinge; $0.062 is the deeper safety net that, if reached, will test how many long-term holders are willing to step back in.
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