Dogecoin Price Prediction: Net Buying Boosts DOGE

Dogecoin is trading near a long-term support line that has marked previous cycle lows on the chart shared by Bitcoinsensus on X. At the same time, CW data shows $DOGE net buying continued for a third straight day across major exchanges as price held near $0.101.

Dogecoin Price Tests Long-Term Support as $DOGE Trades Near $0.105

Dogecoin traded near $0.105 on the chart shared by Bitcoinsensus on X, placing $DOGE close to a long-term ascending support line that has appeared during previous market cycle lows.

The chart shows $DOGE touching or moving near the trendline after major pullbacks in 2017, 2020 and 2026. Each earlier touch came after a sharp decline from a cycle peak, while the current setup shows $DOGE again sitting near the same support structure.

Dogecoin Long-Term Ascending Support Test. Source: Bitcoinsensus on X

$DOGE’s major peaks on the chart appeared around 2014, 2018 and 2021. After each peak, price dropped into a lower range before forming a new base near the rising support line.

The current green marker on the chart labels the area as a possible bottom, but the move remains unconfirmed. $DOGE would need stronger price action above the trendline to confirm that buyers defended the macro support zone.

If Dogecoin loses the ascending line, the chart structure would weaken. However, as long as $DOGE trades near or above that line, the long-term support area remains the main technical level on the chart.

Dogecoin Net Buying Holds for Third Day as $DOGE Trades Near $0.101

Dogecoin traded near $0.101 as net buying continued across major $DOGE markets, according to a chart shared by CW on X.

The chart tracks $DOGE on Coinbase, Binance spot, Binance perpetual futures and OKX. All four panels show $DOGE recovering from a drop near $0.096 before moving back toward the $0.100 to $0.102 range.

Dogecoin Net Buying Across Exchanges. Source: CW on X

The net buying indicator stayed mostly green on May 30 and May 31. CW said the net buying trend has now continued for three straight days.

$DOGE price action remains narrow on the one-hour charts. The token has not yet broken above the recent local highs near $0.102, while buyers have kept price above the late-May rebound area.