Dogecoin Approaches Key Resistance as Bulls Regain Confidence
Dogecoin is consolidating near the $0.20 level, signaling a potential shift in momentum as buyers regain control after a period of stagnation. The 9-day EMA is beginning to flatten while the 20-day EMA remains slightly above, suggesting that bearish pressure is easing. A move above the 20 EMA could mark the start of a bullish continuation, especially if DOGE manages to break through the $0.21 resistance zone.
The MACD has crossed into positive territory, with the histogram expanding gradually, indicating strengthening bullish sentiment. RSI levels have also recovered from oversold conditions, pointing to renewed buying interest without signaling overextension.
Order book data adds further insight into near-term price action. A major bid wall at $0.203—with over 4.28 million DOGE—anchors short-term support, while ask walls at $0.20892, $0.21000, and $0.21500 form crucial resistance zones. Clearing these levels could open the path toward $0.239–$0.244, while failure to do so may keep DOGE trading within a narrow range.
Support is firm at $0.1909 and $0.1853, offering potential accumulation zones for patient traders. If DOGE holds above $0.20 and breaks $0.21 with volume, bulls could aim for higher targets, while short traders may look for rejection signals near resistance for quick downside plays.
