Can Dogecoin recover after breaking the supports of 0.1300 $ and 0.1250 $ ?

Dogecoin fell below 0.12 $ this week to hit a low of $0.1154, with technical indicators suggesting that the meme coin may struggle to initiate a sustainable rebound as long as prices remain below the resistance of $0.1350.

What happened: the meme coin breaks its supports

The token fell below several support levels, including 0.1300 $ and $0.1250, before finding a floor near $0.1154. A modest rebound followed.

Prices climbed above 0.1220 $ and surpassed the Fibonacci retracement of 23.6% of the drop from 0.1512 $ to $0.1154. Dogecoin is now trading below its 100-hour simple moving average.

A bearish trend line has formed on the hourly chart with resistance at $0.1350. The 50% Fibonacci retracement level is near $0.1330.

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Why it matters: key technical levels

The hourly MACD shows weakening momentum in bearish territory while the RSI remains below 50. These two readings indicate persistent selling pressure.

If prices exceed $0.1350, the next targets are at 0.1380 $ and $0.140.

In case of failure above 0.1250, the token could retreat to 0.1220 $, with 0.120 $ serving as the main support. A break below this level would open the way to 0.1150 $ or $0.1135.

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