Alex Dudov
After weeks of volatility, Dogecoin (DOGE) has settled into a quieter phase. The meme coin now hovers between well-defined boundaries as the market waits for a decisive move.
Chart Analysis: Consolidation in Progress — Sjuul | AltCryptoGems
According to trader Sjuul | AltCryptoGems, the current chart shows growing uncertainty, with price oscillating in a narrow corridor where neither bulls nor bears have taken control.
The 4-hour DOGE/USDT chart on Binance shows clear consolidation with the following key levels:
- Resistance: $0.22
- Current Price: ~$0.19
- Support: $0.17
The chart also reveals a recent 43% drop, described as a "move to fill the wick," followed by sideways movement. If the $0.17 support holds, a move back toward $0.22–$0.23 looks possible. However, a breakdown below support could push DOGE down to $0.14–$0.15.
Market Context: Caution Across Crypto
Dogecoin's behavior mirrors the broader market. With Bitcoin consolidating near $67,000, altcoins have struggled to gain traction. Traders remain on edge due to inflation concerns, Federal Reserve policy signals, and weakening liquidity in speculative assets.
Still, long-term holders seem unfazed. On-chain data shows no major spike in exchange deposits, suggesting confidence among committed DOGE investors.
Trader Perspective: Stay Patient
The market is in a "wait-and-see" phase. As long as price stays within the range — neither breaking resistance nor violating support — caution is warranted. These compression setups often frustrate traders but can lead to explosive moves once price finally breaks out.
Alex Dudov
