Dogecoin holds above $0.087 as 6,000 vendors add payments

Short-term technical outlook

One major theme emerging in the market is the TD Sequential buy signal spotted on DOGE’s three-day chart. According to analysis from Ali Charts, the price rallied about 8% following this signal, reaching around $0.0878. After a prolonged period of decline, this indicator hints that selling pressure may be easing in the short term.

Quick guide: The TD Sequential is a technical indicator aiming to identify exhaustion and potential trend reversals by analyzing sequences of candlesticks. It is typically used alongside support and resistance levels, rather than alone.

Market watchers point to recovering $0.092 as the first crucial threshold for DOGE; clearing $0.100 could mark not just a short-term reaction but a stronger recovery trajectory.

The charts make clear where attention should be focused: immediate support sits at $0.078, while the current resistance zone is between $0.087 and $0.092. The first upside resistance is seen at $0.100, followed by $0.108 and $0.116. If price weakens around current levels, another test of $0.078 could quickly come into play.

Main support region remains intact

Zooming out, the most critical support area continues to be the $0.06–$0.08 band. Analyst Daan Crypto Trades notes that during past downturns, DOGE often rebounded after revisiting this range. This suggests the price action is not random, but instead reflects trading around an historically important support zone.

As long as DOGE holds above the $0.078–$0.080 area, buyers are likely defending a broader base. Should this band break down, eyes will turn to $0.070 and then $0.060. For a more constructive outlook, DOGE not only needs to form higher lows above $0.078 but also to clear the $0.092–$0.100 boundary.

New step in payment adoption

On the fundamentals side, Dogecoin saw a significant development with a partnership between MoonPay and House of Doge. According to BSCN, more than 6,000 merchants worldwide can now accept DOGE payments using MoonPay Commerce. This setup allows businesses to process local Dogecoin transactions instantly and seamlessly.

Quick guide: MoonPay is a global fintech company enabling crypto purchases and payments. House of Doge focuses on broadening Dogecoin’s real-world use cases within its ecosystem.

This expansion highlights Dogecoin’s growing real-world potential, beyond its price performance. Still, such adoption news does not always mean the price will see immediate or guaranteed effects.

Key upside targets

In a more ambitious scenario shared by Coinvo Trading, analysts identify the $0.086–$0.088 region as a possible base for DOGE. If support around $0.078–$0.080 holds and prices reclaim $0.092, the next targets are $0.100, then $0.108 and $0.116. On a broader horizon, $0.180–$0.190 is mentioned, but for this to be realistic, DOGE must first break out of accumulation and sustain above $0.116.