- Dogecoin price remains above the 50-week moving average of $0.2367 and a vital support area.
- On the Dogecoin price chart, a breakout above $0.28 could confirm a cup and handle pattern.
- The price volume of Dogecoin has decreased since May 2025, indicating consolidation at a crucial support level.
Dogecoin price is trading around a critical support area at just under the $0.2367 price level and this has become an area of interest to traders and investors. This level has proved supportive in the last few weeks, serving as a foundation after numerous attempts to sync higher were foiled off by resistance. The future direction of Dogecoin price may require sustaining this region to uphold its current bullish pattern.
Dogecoin Price Holds Steady Amid Resistance Pressure
Dogecoin price has been in full consolidation since late 2023 latest, failing on several occasions to clear the $0.28 level, which would act as a neckline to a potential cup and handle formation. AltcoinSherpa states that it will be in the $0.28 to $0.38 until a breakout is seen, says a breakout would likely be $0.30 and then $0.32 to $0.34.
Source: AltcoinSherpa /X
The lowest levels that Dogecoin price can rely on are at $0.2367 (50-week moving average), followed by $0.23 and $0.20. Maintaining above $0.2367 has the potential to see another breakout, with descending below $0.20 potentially paving the way to $0.18, so these levels will be critical in the near term.
In March, Dogecoin price rallied strongly with large volumes indicating accumulation at lower prices. According to analyst Cephii1, this was a possible turning point in the long-term trend. Since that time volume has dropped, showing the indecision of the market and lack of volatility. Without an increased buying activity, Dogecoin price can continue staying in the trading range below 1 key resistance level, which is at the $0.28 mark.
Source:Â Cephii1/X
In the event of a downward breakout, at $0.2367, Dogecoin price might revisit $0.22 or $0.20, which is a long-term area of support. A rise to a breakout above $0.28 could lead to an up-surge to $0.30, $0.32, and perhaps $0.414. However, a strong support level at $0.2367 is important to sustain current bullish stance
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