Dogecoin Trades in Narrow Range Between $0.17 and $0.19

Dogecoin has been experiencing a decline, with its price fluctuating between $0.17 and $0.18. Attempts to recover losses in October were unsuccessful, as the coin faced rejection at $0.205.

Current Price Action

  • Dogecoin's price is locked in a narrow range between $0.17 and $0.19.
  • The lower boundary at $0.17 acts as a psychological support level for traders.
  • Investors are quietly accumulating positions during this consolidation phase.
  • Previous patterns show similar consolidations before brief spikes.

Dogecoin

Potential Short-Term Targets

  • A breakout from the current range could push Dogecoin above $0.20.
  • Possible targets include $0.27 with potential testing of resistance at $0.3.
  • A bullish bounce around $0.17 and a daily close above $0.20 could signal further gains.

At present, Dogecoin trades at $0.1735, nearing another test of the $0.17 support level.