DOGE is grinding higher with tight liquidity near $0.20125 as price presses into major resistance at $0.21388.
Buyers defended $0.18500 and flipped $0.20 into support, setting up DOGE for a wedge breakout or rejection swing.
Volume surged between July 10–13, then held steady as DOGE pushed toward the wedge top with rising pressure.
DOGE is holding firm at $0.20126 after recovering the $0.20 handle in recent trading. Price action shows compression beneath descending resistance, signaling a possible shift in short-term direction.
Momentum is building as DOGE prints higher lows within a falling wedge pattern. The recent bounce from $0.18500 triggered a move back above mid-range resistance, which now acts as support. Price remains inside the wedge, pushing toward the upper trendline at $0.21388.
Wedge Structure Holds as Liquidity Clusters Form
DOGE reclaimed the mid-channel zone and flipped $0.20 into a support base. The rebound aligned with increased activity on the four-hour chart, where buyers continue stacking bids just below resistance. Liquidity remains tight between $0.20125 and $0.20126, confirming a strong presence at this level.
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According to a report by Jeet Jinping, the price is flagging directly under major resistance as volatility compresses. The setup reflects a typical pre-breakout squeeze, with sellers thinning out near the top boundary. Chart behavior signals growing pressure toward a directional move.
That said, volume spikes from July 10 to July 13, followed by steady flows through July 16, point to sustained demand. The move began after DOGE bounced from wedge support, avoiding breakdown while printing consistent reaction highs. These signs support ongoing positioning ahead of a decision point.
Breakout or Fade: Key Zones in Play
If DOGE clears the $0.21388 trendline, the next target appears near $0.22000. That zone has acted as a prior ceiling and carries historic resistance weight. Clearing it would open room toward $0.23000, assuming continuation of strength from recent flows.
Insights from market watcher Jeet Jinping show a clean structure with little noise between the current range and the next resistance. The upper wedge line remains a clear barrier, but price is approaching with higher lows and declining seller strength. These factors point to a rising chance of a breakout.
Still, if price fails to break out cleanly, eyes will shift back to $0.18500. That support zone previously launched the recovery and remains valid as a fallback. DOGE now sits at a pressure point, where buyer strength must prove decisive to flip this structure in their favor.
The post DOGE Builds Pressure Below $0.21388 as Buyers Defend $0.20 With Rising Lows appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
