- Dogecoin price is trading between $0.18 and $0.20, with a resistance level of $0.21, which represents a significant price range to observe future price changes.
- Dogecoin price is currently facing the resistance of $0.21 the next significant level is approximately $0.25.
- Dogecoin has been trading steadily at $0.18-$0.20, and much attention is paid to overcoming the $0.21 resistance in the next few weeks.
Dogecoin price has been trading around $0.21, The recent price movement has been stable above major support levels. When it surpasses $0.21, Dogecoin price may have the momentum to move to higher resistance levels within the next few weeks. The future of Dogecoin price will depend on the next actions of the market.
Dogecoin Price Support Levels and Its Path to Higher Prices
Dogecoin price has been recently supported well within the range of $0.18 to $0.20, which has not allowed it to fall further. This level has been a bottom with steady buying interest intervening whenever the price challenges this area. Dogecoin price has recovered multiple times in the last week, proving the effectiveness of this support. Consequently, the price has been able to remain above these levels, which is an indication that a base may be formed in future to move upwards.
To break through the resistance at $0.21, Dogecoin price has to stay above the support levels. A break above $0.21 would open up further targets, and the next resistance level will be $0.25. Analyst Trader Tardigrade said that a decisive move above $0.21 would probably attract more buying pressure, which could reach $0.28 or even higher in case the bullishness continues. But it will be important to maintain a price above $0.21 to ensure the bullish trend continues.
In case Dogecoin price drops below the support level of $0.18, it can experience further pressure. A fall below this level may drive the price back to the past lows of around $0.15 where another support level may be tested. Traders will closely observe price action in this support zone to determine whether there is rejection or reversal because these will determine the next course of action in the price movement of Dogecoin in the next few weeks.
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