- Dogecoin price was rejected several times at the $0.24 mark, which has started to act as a resistance.
- Dogecoin price has found support at $0.2115, essential to prevent further losses.
- Dogecoin price stalls at the $0.24 resistance level, and the stochastic oscillator indicates slower momentum.
Dogecoin price is currently facing strong resistance at the $0.24 price and subsequent rejections have caused the price to drop towards support. There is keen interest among traders in seeing whether it can either overcome this hurdle or stall below it.
Dogecoin Price Fails to Break Through $0.24 Resistance Level
Dogecoin price has a lot of resistance around the $0.24 mark, and every time it tries to break out of this price, there has been sell pressure. On August 23, 2025, Dogecoin price was again rejected, falling back to around $0.22 and strengthening $0.24 as the upper limit. Analyst Trader Tardigrade identifies this recurrent rejection as a turning point to the movement of the price.
Source: Trader Tardigrade/X
After a few failed attempts to rise above the $0.24 resistance, it is getting more intense as to whether it will break out or decline to $0.18. Unless the outlook on the market changes, the inability to overcome this barrier casts doubt on the future of Dogecoin price remaining in a bullish trend.
The resistance experienced by Dogecoin price at $0.24 is currently holding it at that level. Failure to breach this price may result in a downward pressure phase, taking the price to test support at $0.2115, $0.20, or even $0.19, according to analyst Trader Tardigrade. A failure below these levels would be an indication of additional downside.
Source: Trader Tardigrade/X
Nonetheless, once Dogecoin price surges high as $0.24 it may be seen a step further toward the next resistance as $0.25, $0.26. A breakout above those levels may drive the price to $0.27 or even 0.28, suggesting a transition to a more bullish phase.
Read Also:
