Usman Salis
Dogecoin has hit a critical juncture in its recent price action, pulling back from resistance levels and now testing key support zones. After experiencing strong momentum that was ultimately capped by seller pressure, DOGE finds itself at an important technical crossroads that could determine its near-term trajectory.
DOGE Price Struggles After Key Resistance Rejection
Dogecoin's recent upward move came to an abrupt halt at $0.254, where sellers stepped in aggressively to cap any further gains. The meme coin has now dropped back to test support around $0.212, creating a crucial battle zone between buyers and sellers.
Trader @amina_chattha emphasized how important this current setup is, pointing out that DOGE's ability to hold this support level could determine whether we see another push higher or if the price continues to drift lower.
Back in August, DOGE created a double bottom pattern near $0.2325, which initially sparked some bullish momentum. But that energy fizzled out as sellers came back into the picture, pushing the price down again. Still, many analysts believe this double bottom formation could work out if DOGE can stay above the $0.21 area.
If buyers can successfully defend this zone, we might see DOGE bounce back toward the $0.23–$0.25 range. Breaking cleanly above $0.254 would be a strong bullish signal and could kick off a more sustained rally.
Outlook for DOGE Price: Bulls Eye $0.25, Bears Target $0.20
Right now, DOGE is sitting in a neutral zone where it could go either way. Staying above $0.21 is absolutely crucial for the bulls to keep any hope alive, while falling below could send the price down to test $0.20 psychological support.
Traders are keeping a close eye on trading volume and market activity. If we start seeing more buying interest, Dogecoin could make another run at $0.25 faster than expected. But if the weakness continues, it would confirm that sellers are still calling the shots.
Usman Salis
