Dogecoin’s Dusty Descent: Can the Meme Coin Rise Again?

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The Tale of a Dog and a Dollar

Dogecoin has been trudging down the price range much like an old cowboy dragging a cattle herd through a valley of dust. In the last day alone, the meme coin king took a 10% tumble and now sits scratching its head between $0.10 and $0.11. The folks who kept their bets high are now chewing their nails, wondering if this is a passing blip or the start of a long, lazy decline.

How do you keep your head above water when a favorite satay on the rough coast of the market? Some sharp-eyed traders have turned to the old charts on X, picturing Dogecoin as a stubborn mule trying to decide whether to bounce back or keep slipping into the mire.

Bullish Phase, Liquidity Sweep, And Consolidation

BitGuru, a flag-maker of the crypto rodeo, told his stable that Dogecoin had once roared upward in a bullish phase, then slipped into a sweeping flood of liquidity before settling in a tight channel. You could read that like a farmer’s tale about the last golden harvest: first the crops grew tall, then the rain came in a wash, and now the fields lie low and waiting.

For those blessed with a candlestick chart, the story was stark. The flimsy resistance that kept the price plum again came after a watery drop starting October 2025, a period that feels longer than a year for anyone who’s seen winter in California.

Some say the low has become a barbed wire fence of support at $0.10- a line that has surprised many a trader enveloped by despair. This line held the spirits together early this February, keeping the herd from stepping too far off the curb.

If just enough buyers step in at this fence, the old blue collar king could give a little bounce, eyeing higher ridges like $0.13, $0.15 or that distant $0.19. These numbers are dust on the horizon for anyone willing to buy the moment it flickers.

The Weekly EMA Signal That Points To Bottoms

Charting Guy, the ledger-whisperer of the blueberry patch, offered a different perspective, one that looks at the whole town. He charted a story with 20‑week and 200‑week exponential moving averages sharpening themselves like a good plan at a county fair. When the 20‑week line slides under the 200‑week one, that’s like the town cutting away the internals and heading for an upturn, as has happened many times before.

The data go back to 2017, and the crossing has been a bell that rings before each boom: a rhythm familiar to the farmers of finance who’ve seen the market’s stomach growl before a surge. This time the crossing landed the price at a gentle $0.09, then $0.10, laying the groundwork for a fresh potential kick.

The greatest question is how high the moon might go if the support holds. Should the price climb above that 20‑week floor, it could open the road to a clap of $0.20 to $0.25, and only the mighty fields of Bitcoin might keep it going as it eyeing the lofty $0.30 line that lives on the other side of the canyon.

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2026-02-16 23:11