Why did DOGEUSD bounce 11.63% today?

DOGEUSD bounced due to oversold technical conditions and short-covering activity. The cryptocurrency had fallen significantly from its year high, creating a reversal setup. Moderate volume participation and stabilization near support levels triggered the recovery bounce.

What does RSI at 50.24 mean for DOGEUSD?

RSI at 50.24 indicates neutral momentum with no overbought or oversold extremes. This neutral reading suggests the bounce has room to extend without immediate profit-taking pressure. Traders typically watch for RSI to move above 70 (overbought) or below 30 (oversold) for extreme signals.

Is DOGEUSD heading to $0.04 or $0.26?

Monthly forecasts target $0.04 (59% downside), while yearly models suggest $0.2638 (168% upside). The wide range reflects uncertainty about near-term direction versus long-term recovery. Support at $0.11 and resistance at $0.15 will determine which scenario develops first.

What is the key resistance level for DOGEUSD?

The 50-day moving average at $0.1281 represents the primary resistance level. Breaking above this level would signal stronger recovery momentum. The Bollinger Band upper at $0.15 provides secondary resistance for the bounce.

How does ADX at 35.25 affect DOGEUSD trading?

ADX at 35.25 confirms a strong trend is in place, meaning price moves tend to be directional and sustained. Strong ADX readings suggest traders should follow the trend rather than fade it. This supports the bounce continuing if it breaks above key resistance levels.

Crypto Insights

DOGEUSD Dogecoin Bounces 11.63% as RSI Signals Neutral Territory

ByHuzaifa Zahoor February 8, 2026February 8, 2026

Dogecoin USD has gained 11.63% in the last 24 hours, climbing to $0.0984 as of February 7, 2026. The meme coin’s recovery comes after recent weakness, with market participants watching key technical levels closely. DOGEUSD currently trades between its day low of $0.0947 and day high of $0.0994, reflecting volatile price action. The cryptocurrency maintains a $16.6 billion market cap despite year-to-date losses of 22.16%. Understanding why DOGEUSD is bouncing requires examining both technical indicators and broader market sentiment.