Dogecoin is currently trading near $0.206, hovering just above key horizontal support at $0.20 and retesting the lower boundary of a broad descending channel it broke out from in July.
On the daily chart, $DOGE remains below major EMA resistance levels ($0.203–$0.213), while the Supertrend indicator flipped bearish last week and hasn’t reversed yet.
OBV remains steady around $64.5B, suggesting volume flow hasn't dropped significantly, but intraday signals like the VWAP band ($0.205–$0.207) show repeated rejections, reflecting short-term pressure.
On-chain data shows a slight net outflow of $1.37M, and indicators like RSI and DMI point to mixed momentum with no strong trend direction.
Unless DOGE breaks decisively above $0.213, it may stay range-bound between $0.203–$0.213, or possibly revisit the $0.195–$0.196 zone on further weakness.
