Dogecoin continues to showcase a short-term uptrend, approaching a significant area of technical resistance that may trigger a correction.
Current Dynamics of Dogecoin
Dogecoin ([DOGE](https://crypto.news/price/dogecoin/)) has shown signs of strength, reclaiming key levels. However, despite the recent bullish push, Dogecoin has yet to decisively break through this resistance.
Key Technical Levels
Key points:
* **Value Area High Resistance:** Dogecoin is approaching a resistance zone that includes the value area high. * **High-Time Frame Levels:** Major resistance at $0.23 and support at $0.15 form the current local trading range. * **Rotation from Value Area Low:** Price respected the value area low earlier this week and has since rotated above the point of control (POC).
Price Movement Prospects
If Dogecoin is rejected at the current resistance zone, a retracement to establish a higher low would reinforce the bullish structure. This would offer a stronger base for a future move toward the $0.23 resistance.
Any strong upward movement will require significant volume increases and a breakout above the value area high, which may signal further growth.
