The situation with Dogecoin continues to attract traders' attention due to its high volatility. This article examines current price levels and possible scenarios for their change.
Current Situation on the Chart
The daily Dogecoin chart shows sideways movement after a significant drop from its recent peak near $0.23. Heikin Ashi candles confirm indecision, with small bodies and mixed colors, indicative of a pause before a strong directional move.
Support and Resistance
Visually, the chart shows a clear support zone forming around $0.15–$0.16, which has held firm during the recent consolidation phase. If DOGE loses this floor, the next visible supports are at $0.13 and $0.10.
What to Expect Next?
For DOGE price to mount a breakout, it needs to clear its immediate resistance near $0.17. If the price rises above this, the next targets could be around $0.20–$0.23. However, if it drops below $0.15, this could lead to retesting levels at $0.13 and $0.10.
Thus, the current position of Dogecoin is at a crossroads where any movement in one direction may trigger significant price changes. Traders are advised to monitor key levels and indicators.
