Usman Salis
Dogecoin (DOGE) just hit $0.236 and is throwing punches at a major resistance wall. The meme coin's latest surge has traders buzzing – will we see a breakout to $0.26-$0.28, or are the bears about to crash this party with a pullback to $0.225?
DOGE Price Breaks Free from $0.20 Support Zone
DOGE bounced hard from $0.20 support and climbed to $0.23644 on the 4-hour chart. The move shows clean higher lows with momentum indicators still flashing green, but now faces the crucial $0.236-$0.24 resistance zone.
If bulls punch through $0.24 and hold, targets hit $0.26 with possible extension to $0.28. A rejection could pull DOGE back to $0.225 or $0.21, but current momentum favors the upside. Next few sessions will decide if we get fireworks or consolidation.
The Bottom Line on DOGE Price Action
DOGE is clearly in beast mode right now, and the momentum feels different this time around. Breaking through those key resistance levels wasn't just luck – it's showing real buying pressure from traders who see $0.28 as the next logical target.
But here's the thing with Dogecoin: it can flip from hero to zero faster than you can say "much wow." The meme coin's volatility is both its biggest strength and its Achilles heel. While the technical setup looks solid and the bulls are definitely in control, smart money knows to keep one eye on the exit.
If DOGE manages to hold above current support levels and push toward that $0.28 target, we could be looking at the start of another proper Dogecoin rally. Just remember – this is still the crypto that moves on tweets and memes as much as it does on technical analysis. Trade accordingly, and never bet more than you can afford to lose on the people's coin.
Usman Salis
