Dogecoin(DOGE) spot price enters at $0.15, with upward momentum unleashed on expectations of Fed rate cuts.

FOMOSapien · 2026-01-06T15:37:37+00:00

Dogecoin (DOGE) is poised to challenge the resistance at $0.1480, with a potential rally if this level is breached. Current market dynamics show increased open interest and strong investor sentiment, but caution is advised due to possible corrections if key support levels are broken.

FOMOSapien

2026-01-06 15:37:37

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Technical Resistance Level Targeting $0.1480… Breaking through this could lead to sequential targets of $0.1644 and $0.1970 Open Interest( up 10%, Funding Rate records 0.091%… Investors envision a strong bullish scenario Lower support at $0.1298, with potential correction down to $0.0950 if broken

The strength of the ‘Meme Coin)’ camp, led by Dogecoin(DOGE), continues to recover amid expectations of Federal Reserve( Fed) interest rate cuts. After a 4% rise last week, it is currently moving around $0.15, supported by market sentiment favoring ‘risk assets.’

Technical Structure: Approaching a Breakthrough of Resistance

Currently, DOGE is at a critical juncture near the 0.1480 resistance zone, which connects the highs of October and November. A close above this level would trigger a technical buy signal and increase the likelihood of a full-fledged rally.

However, there are several resistance levels densely packed above. The first is $0.1644(50-day Exponential Moving Average (EMA)), the second is $0.1800(Supply Concentration Zone), and the final target is $0.1970(200-day EMA). To surpass these zones consecutively, substantial trading volume is essential.

From an indicator perspective, RSI remains at around 46, below the neutral line, indicating that DOGE is not yet overbought. Meanwhile, MACD is converging toward the zero line, signaling a potential bullish reversal, which could gain momentum upon breaking the trendline.

In-Depth Supply and Demand Analysis: Simultaneous Signals from Retail and Whales

The current upward momentum of Dogecoin is supported not just by technical rebound but by actual capital inflows. Patterns of nearly simultaneous entry by small and large investors are observed in the derivatives market.

According to CoinGlass(CoinGlass), DOGE’s open interest( has recently increased by 10.29% over the past 24 hours, expanding to approximately $1.49 billion. This indicates that market participants are actively opening new positions in anticipation of further gains.

Supporting data include:

Funding Rate)Weighted OI(: 0.091%. This means long position holders are paying a premium to shorters, reflecting strong market confidence in an upward move.
Long/Short Ratio Changes: From 48.44% last week to 50.83% now. The buying side is gradually gaining market dominance.

On-chain analysis platform CryptoQuant)CryptoQuant( reveals that large whale wallets) and smart money are also increasing their bullish bets, indicating that institutional funds are betting on DOGE’s rise as well.

Dual Scenarios and Cautionary Points

While the bullish scenario is strong, downside risks exist. If the rally stalls and a correction deepens, the first support is at $0.1298(April low). If this level is broken, the decline could extend to $0.0950(October low), requiring close monitoring.

Currently, DOGE is in an energy accumulation phase. Capturing the $0.1480 resistance level will be a key variable for the next move.

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