DOGE Consolidates Amid 1.37% Session Gain, Tests $0.244 Resistance
Dogecoin (DOGE) showed resilience despite broader crypto market fragility, maintaining liquidity inflows.
Price Action Summary
- DOGE traded within a $0.008 range (3.28% of its trading spectrum) from $0.236 to $0.244.
- Early highs at $0.244 faced selling pressure, limiting upward movement.
- The final session hour saw DOGE rise from $0.239 to $0.241, closing at $0.240 with a net gain of 1.37%.
Technical Analysis
- Support: A strong base exists in the $0.236–$0.240 zone, with buyer interest on dips.
- Resistance: The $0.241–$0.244 level remains a firm ceiling after multiple rejections.
- Volume: Over 500M DOGE transacted during early rallies; closing hour volume above 7M indicated bullish defense.
- Pattern: Narrow consolidation suggests potential for breakout, though $0.244 resistance must be overcome.
What Traders Are Watching
- A break above $0.244 resistance to confirm bullish continuation.
- Retesting of the $0.236–$0.240 support band for signs of accumulation.
- Sustainability of volume spikes in future sessions.
- Impact of regulatory developments on broader memecoin sentiment.