DOGE Holds Critical $0.06–$0.10 Zone After 87% Drop From Peak

⬤ DOGE is trading right at a level that’s kicked off massive rallies before. On the weekly timeframe, Dogecoin is holding within the $0.06–$0.10 demand zone - an area that’s caught falling prices since 2021. This same zone marked the beginning of previous parabolic runs.

⬤ Right now, DOGE is down roughly 87 percent from its all-time high, which looks a lot like classic cycle resets we’ve seen before. Similar drops happened in earlier cycles before new rally phases kicked in. The coin pumped about 17,000 percent in 2021 and another 600 percent in 2024. Current price action points to an extended accumulation phase rather than an immediate breakout.

⬤ The chart shows multiple bounces from this multi-year support band, confirming it as a major demand zone. Every time price touched this area before, strong upward moves followed. Higher price zones are outlined as potential targets, while a weekly close below $0.06 would invalidate the structure. As long as DOGE stays above that floor, the broader setup stays intact.

⬤ This matters because Dogecoin moves in big cycles, and long consolidation periods usually come before explosive rallies. The current setup shows the market finding balance at a well-established support level tied to past cycle turning points. How price behaves here could determine whether DOGE keeps consolidating or shifts into a new expansion phase.