Dogecoin has recorded a rise of more than 3 percent in the last 24 hours, as it went down to the lowest point of $0.134 yesterday, and it is currently at its highest point of $0.139 today. Although the RSI shows the situation of overbought over the day, the price has continued moving upwards in a proven uptrend. At the time of writing, Dogecoin is trading higher than at any other time of the day. At present, the immediate support is located at $0.138, and the resistance is located at the top of the rising price channel.
What Happened in the Last 24 Hours?
In order to see the bigger picture with regard to the price action of Dogecoin, we shall embark on a journey into the cork-screw ride of events that occurred in the last 24 hours. Dogecoin opened on December 12, 2025, in a narrow trading band with the main support at $0.1387 and the resistance at $0.1415. The price at first established a weak upward channel, but the resistance was too high, resulting in the price plummeting. A full-body downward candle was broken at the trend line at the precise time of 15:00 UTC, indicating a significant change of momentum.

DOGE/USDT M5 chart, analyzed by Ali Oliyaee, published on TradingView, December 13, 2025
Bearish Signs Emerge: Is Dogecoin Heading for a Crash?
This was the critical moment when a death cross was seen on the MACD, indicating an increasing bearish trend. Soon after, another break was witnessed with a full-body downward candle that spiked the price to a terrifying low of $0.1342. The market appeared to be on the verge of disaster!
Is This the Bottom for Dogecoin? RSI Shows Oversold Territory!
At this point, the price had hit oversold on the RSI. However, as all was lost, at 0.1645 UTC, a golden cross emerged in the MACD and marked the start of a tremendous bullish reversal. The market changed abruptly and Dogecoin began to gain ground, the initial surge going to $0.1367. The positive trend persisted all through the day, and at the end of the trading day on December 12, Dogecoin was already in overbought territory, yet retained its positive trend. Did this mark the start of a huge price run?
Dogecoin Hits $0.139: Is This the Start of a Major Surge?
Dogecoin has demonstrated remarkable strength as of December 13, 2025; DOGE price stood strong in its upward trend with strong support of $0.1371. On the following move, the price soared high once more with another support level of $0.1381. Although Dogecoin crossed some overbought trades on the RSI, it still increased to its peak of the day at $0.1393.
In the short-term perspective, the picture is also optimistic, and the prices are predicted to keep rising. Nevertheless, a major breakout of the upper and lower limits of the existing upward channel is crucial to the long-term trend. In case the price falls below the support price at $0.1381, the second stop would be at $0.1371. However, in the case of the upward trend, Dogecoin might reach the ceiling of the channel.
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.


