In the middle of global economic uncertainty and shifting trade policies, crypto markets are feeling the heat—but Dogecoin is holding its ground with surprising resilience. Despite slipping below $0.23, $DOGE is showing signs of strength, thanks to strong buyer interest rebuilding at key support levels.

Dogecoin’s Technical Analysis:

Over the last 24 hours, DOGE saw a notable downtrend, dropping from $0.238 to $0.227about a 6.3% dip. The chart clearly outlines a bearish channel, with resistance pinned at $0.236 and support forming around $0.224.

Interestingly, during the late-night 23:00 hour, Dogecoin witnessed a massive spike in trading volume—643 million, far surpassing the 24-hour average. This heavy buying volume hinted at investor confidence coming back into play.

Since hitting its local low, DOGE has settled into a tight consolidation zone between $0.227 and $0.230. Volatility has also dropped, which could be a sign that the market is preparing for its next big move.

Short-Term Volatility Still in Play

In the most recent hour, we saw some renewed volatility. DOGE slipped from $0.229 to $0.227 (a 0.87% drop), continuing the pattern of lower highs and lower lows—classic signs of short-term selling pressure.

Key sell-offs occurred at 13:35 and 13:56, but a crucial moment came at 14:01, when buyers stepped in aggressively. That hour saw the highest volume spike of 4.5 million, helping to form a temporary support level at $0.227.

What This Means Moving Forward

While the short-term trend still leans bearish, the strong buying activity at support levels could be setting the stage for a reversal. If #DOGE can break above the $0.236 resistance, it may re-enter bullish territory, potentially targeting the next psychological level near $0.25 or even higher.

Several analysts are still optimistic. Recent headlines like “Dogecoin Price Breaks Out of Bearish Trendline and Enters Ascending Channel Headed for $0.3” and “Dogecoin Targets $0.50 as Open Interest Crosses $3 Billion” hint at the potential for a much larger upside.

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Final Thoughts

Dogecoin may be a meme, but it’s acting anything but childish right now. Despite the pressure, it’s showing real market maturity and investor backing. Keep an eye on the $0.227–$0.230 range in the short term—this could be the calm before the next move.

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