After a sharp rally earlier this month, Dogecoin price today has entered a phase of short-term consolidation. Currently trading near $0.227, the memecoin is struggling to reclaim momentum after facing repeated rejection around the $0.24 to $0.25 zone. While the broader structure remains bullish, the market is signaling caution with mixed indicators and intraday weakness heading into May 14.
What’s Happening with Dogecoin’s Price?
The recent uptrend in Dogecoin price began around May 1, when DOGE broke above $0.20, triggering a strong breakout toward $0.253. However, after tagging that local high, the price sharply pulled back and is now testing a confluence of support zones around $0.217.
On the daily chart, Dogecoin price action is wedged between descending trendline resistance and horizontal support, creating a tight range. Price is consolidating between $0.217 and $0.231, forming a symmetrical triangle. This structure suggests that the next major move could come soon — but the direction will likely depend on volume expansion and broader market sentiment.
Dogecoin Price Short-Term Outlook: Momentum Indicators…
The post Dogecoin (DOGE) Price Prediction for May 14 appeared first on Coin Edition.
