🚀$DOGE breaks $0.20 with massive liquidation: technical bounce or new pressure?

📊 Current price and clear technical structure

Dogecoin is trading at $0.2020, after fluctuating between $0.1972 and $0.2119 during the day. The drop of ~11% from recent highs triggered a rapid correction; today it closed at the lowest level in two weeks, crossing key supports at $0.21 and $0.20.

⚙️ Key factors

Drop of 11% between $0.26 and $0.24 on July 23–24, driven by institutional sales and high volatility in an intraday range of 12%.

Active volume: over 2.26B DOGE traded and rejection of $0.25 as resistance.

However, whales accumulated 130M DOGE the same day, withdrawing tokens from exchanges and showing structural confidence.

Open interest in derivatives exceeds $4 billion, generating breakout potential if price friction dissipates.

🔧 Technical level of the day

📌 Key support: $0.20 – $0.197 (intraday lows)

📌 Immediate resistance: $0.21 – $0.212

🎯 Critical zone: staying above $0.20 would allow recovery towards $0.225–$0.235; if lost, there is a risk of falling towards $0.18.

🌐 Institutional outlook / macro view

Despite the pullback, whale buying and the possibility of a DOGE ETF backed by institutional managers suggest that sentiment has not yet broken. Although the main narrative remains speculative, volume and on-chain data indicate that DOGE is still on the institutional radar.

Would you buy $DOGE below $0.20 or would you prefer to wait for bullish confirmation above $0.212? Comment here 👇

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