DOGE trading volume surpasses $3 billion, but $0.22 is a critical line for bulls and bears! Dogecoin's trend in the next two weeks may determine the annual outlook!
Dogecoin (DOGE) is trading close to $0.22, currently in a narrow consolidation range, with traders watching for a potential breakout. In the past 24 hours, this memecoin has dropped by 5%, remaining flat on the weekly chart, with trading volume surpassing $3 billion.
On the 4-hour chart, DOGE has formed a symmetrical triangle pattern, a technical setup that often signals explosive movements once the price breaks out of this structure. Is Dogecoin about to experience 'one last drop before the breakout'? Current support is at $0.22, with resistance at $0.24-$0.25. Breaking through this resistance could point to $0.26, $0.28, and $0.31, while falling below $0.22 could test $0.21 and $0.19.
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