Key Levels Signal Uncertainty as DOGE Tests Crucial Structure
Dogecoin is hovering at a decisive point after briefly slipping below a major support zone, raising debate over whether the move represents a temporary liquidity grab or the early phase of a deeper downturn. Recent sessions show the market pressing into a long-established demand band, making the coming days pivotal for determining trend direction.
Price action has dipped beneath the critical support region near $0.1350, withH repeated wicks suggesting liquidity hunts rather than a confirmed breakdown. Historically, this zone has acted as a foundation for reversals, but sustained pressure reflects weakening bullish momentum. Traders are watching to see whether buyers can re-establish control before a full continuation of the downtrend develops.
The market also highlights multiple Breaks of Structure (BOS) and Change of Character (CHoCH) signals throughout the past months, illustrating ongoing volatility and shifts in directional bias. Despite short-term rebounds, the broader trend has shown a series of lower highs, reinforcing caution.
Resistance Must Be Cleared for Bullish Shift
For Dogecoin to regain upward traction, price needs to reclaim the resistance band between $0.1362 and $0.1386. A decisive close above this range would invalidate recent bearish impulses and open the door toward mid-range targets observed earlier in the quarter. Failure to retake this zone, however, increases the probability of retesting lower liquidity levels, with the next major downside interest clustered below $0.12.
Dogecoin’s technicaAl setup remains fragile. Whether the current wicks mark a fakeout or foreshadow a larger correction will depend on how price reacts to the immediate resistance overhead. For now, market participants should monitor structure shifts closely as momentum remains uncertain.
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.