<ul data-eligibleForWebStory="true"><li>Dogecoin's daily chart suggests a potential turnaround after a prolonged downtrend.</li><li>Bullish divergence patterns are evident, indicating buyers may be gaining control.</li><li>Previous bullish divergences have led to significant price increases in the past.</li><li>The current structure shows Dogecoin retracing within a descending channel.</li><li>Key support levels lie around $0.163, $0.142, and $0.139, presenting challenges for bulls.</li><li>To shift momentum, Dogecoin needs to surpass resistance levels around $0.1826 and $0.172.</li><li>Further hurdles at $0.247, $0.292, $0.338, and $0.3939 may be encountered on an upward trajectory.</li><li>Volume is decreasing as price nears support, while the RSI shows signs of improvement.</li><li>A daily close below the multi-year trendline could invalidate the bullish divergence setup.</li><li>Downside targets could be the $0.135-$0.13 range and potentially $0.10 in the worst case.</li></ul>

Dogecoin Shows Signs Of Life With Bottoming Signal

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