- Dogecoin had stayed put within the support range of over $0.1440 as price remained within a shrinking wedge formation.
- The MACD presented a bullish crossover and a gradually narrowed histogram, which verifies less pressure on the downside.
- The recent gains over Bitcoin favored short-term relative strength and Price was approaching the $0.1535 resistance zone.
Dogecoin ( DOGE) was trading close to the top limit of its day-to-day range with the price maintaining above the support of $0.1440 marker. The token rose following a small 2.6% growth and this kept the traders glued to the emerging technical structure. The daily chart showed price pressing against a narrowing wedge pattern. This created tighter trading conditions while also reducing volatility.
However, the technical readings on the MACD drew most of the market’s recent attention. The indicator reflected momentum changes that aligned with the price reaction near the lower trendline. These conditions shaped the latest discussion about whether the market could sustain a short-term continuation toward the $0.1535 resistance zone.
MACD Readings Highlight Momentum Shift
The MACD line showed a fresh bullish crossover, which emerged as price hovered close to the wedge boundary. This shift appeared as the histogram contracted further, showing fading downside momentum across recent sessions.
Traders noted the tighter bars on the indicator, which revealed a steady reduction in selling pressure. However, they also monitored whether the crossover would hold as price approached the resistance level. The indicator moved higher while the daily range stayed defined between $0.1440 and $0.1535, creating a direct link between momentum and structure.
Price Holds Within Narrow Daily Range
Price behavior remained steady within the established 24-hour range. Each session respected the lower boundary, which allowed the market to maintain short-term direction. The move toward $0.1535 added focus to the reaction around the upper wedge line. However, the repeated tests also kept the structure intact without invalidation. This helped traders evaluate whether the token could keep advancing while staying aligned with recent momentum readings. The narrowing wedge continued guiding market expectations with clear reference levels.
Technical Structure Connects With Recent Rebound
The wedge remained the central chart feature as price extended away from the lower trendline. This helped maintain alignment between MACD traction and price movement. However, the resistance area at $0.1535 still shaped the next development. The recent 1.4% gain against Bitcoin also supported relative strength, which kept the market focused on short-term structure. With these aligned signals, the range boundaries continued offering direction for the ongoing evaluation of trend behavior.
