Dogecoin price eyes $0.14 as bearish pressure builds

Dogecoin price is once again testing the crucial $0.14 support level as selling pressure intensifies, raising the stakes for bulls attempting to defend the range low.

Dogecoin’s (DOGE) price action has turned increasingly corrective, with the asset drifting back toward the key high-time-frame (HTF) support at $0.14. This region has acted as a structural base throughout the recent downtrend, and its retest now carries significant implications for the next directional move. As bearish momentum builds, the question remains: can bulls maintain control at this crucial level?

The next move will depend heavily on whether buyers can defend $0.14. A confirmed hold may trigger a rotation back toward $0.20, while a breakdown risks a deeper corrective move and continuation of the broader downtrend.

Dogecoin price key technical points:

• $0.14 Support Retest: Dogecoin is testing HTF support for the second time, forming a potential double-bottom structure.
• Resistance at $0.20: A reclaim of the range high is required to shift momentum back in favor of bulls.
• Bearish Pressure Rising: Weak volume and repeated retests signal growing downside risk if $0.14 fails.

Dogecoin’s return to the $0.14 level forms a possible double-bottom pattern, which often precedes upward reversals, provided the price gains bullish follow-through.

However, momentum remains heavily skewed toward the bears. Recent candles show declining volume, reflecting weakening buyer participation. This lack of conviction increases the risk that the current retest could break through support rather than hold it.

The $0.14 level has now been tested twice in short succession. In technical terms, repeated retests weaken a support level, making it more vulnerable to breakdown.

Should sellers overwhelm the region, Dogecoin could enter a fresh bearish expansion, targeting lower support zones not yet revisited since the post-capitulation recovery.

On the upside, a strong defense of $0.14 would provide bulls with an opportunity to rotate price back toward the $0.20 resistance, a key range high that continues to cap bullish attempts.

A firm reclaim of $0.20 would be required to confirm a structural shift and re-establish an upward trend. Until that occurs, Dogecoin remains range-bound between $0.14 and $0.20, with intra-range volatility expected.