DOGE Closes Flat as Bulls Struggle to Break $0.244 Resistance
Dogecoin (DOGE) posted a quiet close on July 28, ending the day at $0.239 with just a 0.42% gain, despite multiple volume spikes and several breakout attempts. The meme coin traded in a tight 4.12% range, bouncing between $0.234 and $0.244, showing signs of consolidation beneath key resistance.
“Volume surged, but the price stayed stuck — a classic pre-breakout signal,” noted a technical analyst.
DOGE’s session opened at $0.238 and briefly spiked to $0.244 during an aggressive 16:00 rally, where volume hit 718.4 million, the highest of the day. However, the rally was rejected just below resistance, and a final-hour selloff dragged the price back to $0.239.
Support at $0.238–$0.235 Shows Strong Accumulation Zone
Despite late selling pressure, DOGE’s support at $0.235 and $0.238 was tested and held multiple times, indicating accumulation at lower levels.
“Support held firm even after the pullback, signaling buyers remain active below $0.240,” said a trader on X.
The price action forms a clear consolidation band between $0.235–$0.244, with strong buy interest below $0.238 and seller defense above $0.241.
Technical Snapshot: Bullish Setup in the Making?
Key metrics from the session:
Intraday Range: $0.234 to $0.244 (4.12%)
Highest Volume Hour: 718.4M at 16:00, during breakout attempt
Support Zone: $0.235–$0.238 confirmed with 3 retests
While DOGE remains range-bound, traders are closely watching for a break above $0.244, which could trigger a rally toward $0.255 or higher. On the downside, failure to hold $0.235 support could see DOGE revisit $0.228.
“Patience is key — this kind of flat close after heavy volume often precedes explosive moves,” one trader said.
With momentum building and volume increasing, DOGE is shaping up as a breakout candidate in the coming days.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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