Dogecoin traded in a tight intraday range, holding higher lows near $0.213–$0.214 while facing resistance at $0.220–$0.221. Momentum picked up briefly on rebound attempts with above-average volume, but fading late-session activity kept DOGE pinned below $0.22.
Price Action Highlights
- Intraday range: ~$0.008–$0.010 (3–4% swing).
- Buyers quickly absorbed dips toward $0.213, producing sharp V-shaped rebounds.
- Repeated rejections near $0.220–$0.221 maintained the range-bound pattern.
- Closing-hour momentum softened slightly, preserving the higher-low structure.
Technical Overview
- Support: $0.213–$0.214; next levels at $0.210–$0.212 and $0.205.
- Resistance: $0.220–$0.221; above that, targets $0.224–$0.226 and $0.230.
- Indicators: RSI mid-50s (neutral-to-bullish), MACD histogram approaching bullish crossover.
- Pattern: Sideways consolidation; a clean break above $0.221 on rising volume would signal continuation.
- Volume Profile: Strong relative volume on rebounds; participation faded at resistance.
Trader Focus
- Breakout: Sustained close above $0.221 opens $0.224–$0.226 and $0.230; failure risks retracement to $0.214.
- Support Depth: Quick recoveries reinforce the bullish case; thinner bids may weaken demand.
- Breakout Quality: Higher highs and higher lows with shrinking wicks and rising participation indicate sustainable moves.
- Derivatives & Correlation: Open interest, funding rates, and BTC/meme-coin trends will affect follow-through.
DOGE remains range-bound, but higher lows suggest bulls retain control; a decisive close above $0.221 is needed to confirm the next upward move.
