DOGE Coin Price Eyes $0.23 as Intermediary Trade Plays Out

Dogecoin is catching the attention of short-term traders as it builds momentum within a crucial technical pattern. With high volatility still in play, DOGE sits at a crossroads between a potential breakout and another pullback, keeping traders on their toes for the next big move.

DOGE Price Analysis

While this suggests potential short-term gains, traders need to watch for rejection at resistance, which could trigger another decline.

Key Support and Resistance Levels for DOGE

• Immediate resistance: $0.230 (61.8% Fib level)
• Support zone: $0.206 (current floor)
• Downside targets: $0.203, $0.199, and $0.188-$0.187

Breaking above $0.23 could shift sentiment bullish, but failing to hold above $0.21-$0.20 would open the door to deeper corrections.

DOGE Price Outlook: Bullish Push or Another Pullback?

Two scenarios are playing out:

1. Bullish scenario: A clean break above $0.23 could spark further upside momentum and signal a potential trend reversal.
2. Bearish scenario: Rejection at resistance leads to renewed selling, with DOGE likely retesting $0.20 and $0.188 support levels.

Momentum indicators are sitting neutral, reflecting market uncertainty. Volume will be the key factor in determining whether bulls can take charge.