Technical analysis by The_Alchemist_Trader_ about Symbol DOGE on 1/7/2026

Dogecoin’s recent rally from the $0.12 support zone is beginning to show signs of exhaustion as price stalls near the $0.15 resistance. This level represents a high-confluence zone, aligning with the value area high and a prior swing high, making it a natural area for selling pressure to emerge. Price action around $0.15 has produced multiple rejections, suggesting that buyers are struggling to gain acceptance above this region. From a lower-time-frame perspective, this behavior points toward distribution, where supply begins to outweigh demand after an extended rally. As long as Dogecoin remains capped below $0.15, the probability of a corrective rotation increases. The most likely downside target sits at the value area low, which also aligns with the 0.618 Fibonacci retracement, making it a key area to monitor for potential support and a higher-low formation. Acceptance above $0.15 with strong volume would be required to invalidate the distribution thesis and reopen the path for continuation. Until then, the technical bias favors consolidation or a pullback within the broader trading range.