$DOGE has recently broken above the ceiling of its medium-term falling trend, signaling a potential shift in momentum and a slowdown in the previous downward pace. Currently, the price is consolidating within a well-defined rectangle formation, bounded by support at $0.16 and resistance at $0.28. This range reflects a period of indecision, and a decisive breakout from either side will likely determine DOGE’s next major move.
In the shorter term, additional support is found at $0.15, while near-term resistance stands at $0.26. As long as the price remains trapped within this rectangle, traders can expect continued range-bound movement. However, a strong breakout above resistance would indicate renewed bullish strength, while a breakdown below support could suggest a return of bearish pressure.
📌 Outlook: Neutral for now – watch closely for a breakout above $0.28 or a drop below $0.16 to confirm the next trend direction.
