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BlockNews
Home CRYPTO

Dogecoin Drops Into Key Support as DOGE Traders Watch $0.054 Bounce Level in Crypto

Gary Ponce by Gary Ponce
February 6, 2026
in CRYPTO, DOGECOIN, FINANCE, MEMECOINS, OPINION
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  • DOGE has entered a long-term demand region after months of slow downside pressure
  • A liquidity sweep near $0.09 has already occurred, often a key trigger for reversals
  • If current support fails, the next major monthly bounce zone sits near $0.054

Dogecoin has been having a pretty rough stretch lately. The DOGE price has been bleeding lower for months, stuck in that messy kind of chop where nothing really trends cleanly, and every bounce feels like it gets sold two days later. But now the selling has started to pick up, and price has finally been pushed into one of those long-term support zones traders only care about when things get serious.

That’s why the charts are suddenly lighting up again.

Ali Martinez says the big line to watch sits around $0.054, calling it the main level where a real bounce could begin. BitGuru is looking at it from a different angle, pointing out that Dogecoin already swept major downside liquidity near $0.09 and is now sitting inside a long-term demand area. Different views, same conclusion: DOGE is at a decision point.

The monthly DOGE chart shows where the “real floor” sits

Zooming out to the monthly chart makes the bigger picture pretty obvious. Dogecoin peaked near $0.459, rolled over hard, and never managed to reclaim the mid-range zone around $0.157. Once a level like that breaks, it doesn’t just vanish. It tends to hang overhead like a ceiling for a long time, and it becomes a spot where rallies usually get stuffed.

Since that breakdown, DOGE has stepped down into lower territory, hovering closer to the $0.10 region. And when you look at the longer-term structure, the next real historical base sits much lower, near $0.054. That’s the zone Ali is focused on.

It’s not some random number pulled out of thin air. It’s one of the last major demand floors on the monthly chart, and it’s where buyers have stepped in before during similar exhaustion phases. If DOGE ever gets down there, it becomes the kind of level that can trigger a much larger reaction, especially if the market is already washed out.

The daily chart shows a liquidity sweep already happened

BitGuru’s daily chart gives more context on what’s happening right now. DOGE recently swept a major downside liquidity pocket near $0.09. That’s typically where stop-losses pile up after a long consolidation, and once price taps that zone, the market often reacts sharply. Sometimes it’s a bounce. Sometimes it’s a trap. But it’s rarely quiet.

The chart labels this as a liquidity sweep, followed by DOGE settling into a long-term demand region. This is usually the area where markets either start building a base, or break down further if buyers don’t show up fast enough.

BitGuru also notes that Dogecoin spent months consolidating before this drop, and that matters. Long sideways ranges tend to store energy, and when price finally breaks out of the box, the move can be bigger than people expect. If buyers defend this demand zone, the chart starts opening room for a snapback move back toward the old range highs.

Where DOGE could head next depends on one battle

Right now, Dogecoin isn’t drifting in the middle of nowhere anymore. It has moved into a clear long-term demand region after sweeping major downside liquidity, and the chart is finally showing a real support battle.

If DOGE can stabilize here, the next logical move would be a recovery push back into the previous consolidation range. That’s the “cleaner” scenario, and it’s what bulls will be hoping for. But if this level fails, attention shifts quickly toward the deeper monthly support Ali highlighted around $0.054, which stands out as the next major zone where a larger bounce attempt could form.

Ali sees $0.054 as the ultimate bounce level on the monthly structure. BitGuru believes the current demand zone could already be enough for a sharp recovery if buyers step in. Either way, this is the part of the chart where DOGE usually stops being quiet.

The next move from here will likely decide whether Dogecoin is starting to build a base… or just setting up for one more deeper flush before the real rebound begins.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
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Gary Ponce

Gary Ponce

Gary has been active in the crypto space since 2019, developing hands-on experience in trading, airdrop hunting, and identifying emerging narratives in low-cap tokens. For over four years, he has contributed research and editorial content with Aiur Labs and BlockNews, focusing on market analysis and community insights. His work reflects both transparency and independent reporting, with an emphasis on simplifying complex ideas for readers. Gary is a long-term believer in Bitcoin, Sui, Hype, Litecoin, XRP, AVAX, and select meme tokens, combining personal trading knowledge with professional editorial standards.

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