Dogecoin has found strong support between $0.212 and $0.217, backed by high buying volume that confirms this range as a critical defense zone, according to CoinDesk Research's technical analysis model.
The analysis indicates DOGE remains confined within a descending channel, facing stiff resistance at $0.235—a level where selling pressure repeatedly intensifies.
Recent price movement has formed a V-shaped reversal pattern, accompanied by a surge in volume exceeding 10 million units, signaling a possible short-term recovery.
