Dogecoin (DOGE) has been holding near its long-term ascending support line at $0.105, a level that has marked previous market cycle lows in 2017, 2020, and 2026. This support line has historically acted as a base after sharp declines from cycle peaks, making it a crucial level for DOGE's technical outlook.
The cryptocurrency is currently trading near this trendline while net buying continues to occur across major exchanges for the third day in a row. While this suggests buyer interest, confirmation of a rebound depends on stronger price action above this trendline.
If the trendline is broken, it would indicate a weakening technical outlook for DOGE. However, as long as the cryptocurrency holds steady near $0.105, there remains potential for a short-term recovery.