Dogecoin: Recovery Continues — But the Primary Downtrend Still LDogecoin / TetherUSBINANCE:DOGEUSDTDukesMarketAnalysisMedium-Term Recovery Remains Intact DOGE has recovered strongly from the significant August low around $0.06766, with price producing a clear medium-term move higher. Volume has also remained stronger on the upside, showing buyers have carried more conviction during the recovery. 200-Day EMA Is Capping Price The latest push higher has run into resistance around the 200-day EMA, with the 0.618 Fib near $0.09915 sitting just above. That combination creates an important overhead barrier and keeps open the possibility that this is still only a recovery within the broader downtrend. 100/50-Day EMAs Are Improving The 100/50-day EMAs remain bearishly crossed, but both averages are contracting and beginning to turn higher. Price is also holding above them, which is encouraging, although the broader trend has not yet fully shifted. Key Levels Will Decide the Next Move A break above the May high at $0.11861 would deliver a much more meaningful bullish change of character. On the downside, a solid break below the recent $0.08013 swing low would increase the odds that the primary downtrend is beginning to reassert itself. In Summary Dogecoin’s medium-term recovery remains constructive, with stronger upside volume, price above the improving 100/50-day EMAs and RSI still holding above 50. However, the broader bearish structure has not yet been invalidated, with the 200-day EMA and 0.618 Fib providing immediate resistance. A break above $0.11861 would significantly strengthen the bullish case, while a loss of $0.08013 would raise the risk that this recovery is simply a pullback within the primary downtrend.