- Dogecoin lost 17.3% of its value in the last week and is currently fluctuating between 0.1893 and 0.2001.
- There are resistance points at $0.2001, $0.24022, and $0.27380 to limit any positive moves in the near future.
- The immediate support levels are at 0.1893 and 0.15121 which still hold importance as traders await greater declines or sideways price actions.
Dogecoin (DOGE) recorded a sharp pullback last week, declining after recent gains and covering some long positions. The asset declined by 17.3% over seven days, closing at an existing level of $0.1974. Market data show the token trading between a 24-hour low of $0.1893 and high of $0.2001.
This pullback exposed several key pivot points, which are being followed closely for potential entries. Despite the lack of new triggers to go long, the traders have set key levels to keep on radar for future trading. The chart provides clear resistance and support levels likely to dictate near-term action.
Resistance Levels Limit Dogecoin’s Upside Moves
The nearest resistance stands at $0.2001. Price action tested this level but did not establish sustained movement above it. Higher up, additional resistance bands are identified near $0.24022 and $0.27380. These areas have previously served as reversal points.
Should the price reach the $0.24022 once again, investors would want to monitor the situation to diagnose any form of renewed growth. Nonetheless, the chart also points at several resistance levels that may restrict any further extension upward.
This structured approach allows market participants to track each level in real time. Notably, several horizontal zones have been marked with clear price values, offering defined reference points for planning.
Key Support Levels Shape Dogecoin’s Price Structure
Dogecoin’s recent decline has also highlighted critical support regions. The main support sits near $0.1893, which has held during the current retracement phase. Should the price slip further, lower support areas between $0.1683 and $0.16508 remain in view.
The chart shows a deeper support cluster near $0.15121. In the past, this area attracted buying interest. Monitoring these levels is necessary as trading volume shifts and price action develops. Each support zone may present a reference for future trade management. These price levels help frame potential scenarios for additional moves.
DOGE Holds Steady Within Narrow Trading Range
DOGE’s trading activity has stayed concentrated within the $0.1893–$0.2001 band over the past day. This range aligns with the support and resistance zones plotted on the chart.
While no active long setups have emerged, the outlined pivot levels will guide traders evaluating new positions. The market continues to track whether Dogecoin maintains support or retests deeper levels in the sessions ahead.
Dogecoin remains range-bound, with defined support and resistance levels directing short-term focus. Trading activity and price reactions within these zones will likely determine the next phase of market movement.
