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Dogecoin (DOGE) price is currently trading around $0.2278, consolidating just below a key resistance after a recent bounce. On both the daily and hourly charts, DOGE price has shown signs of strength — but also clear hesitation. The charts indicate that bulls are defending key support zones, yet struggling to break above a well-defined resistance band. On the daily chart, Dogecoin price has been moving in a tight channel after a strong rally earlier this month that pushed prices above $0.26, followed by a pullback. Currently, DOGE is trading between its 50-day SMA ($0.193) and 200-day SMA ($0.269). This zone has become a battleground. The 20-day moving average is at $0.208, and DOGE price is comfortably above it. Historically, when DOGE holds above the 20-SMA, it tends to make another leg up. The last breakout from this level (on May 9) took DOGE from $0.19 to $0.29 — an over 52% move. If the Dogecoin price can close above $0.2335 , it could signal a short-term breakout with a likely push toward $0.25, and if momentum sustains, even back to $0.265. The hourly chart reveals a recent rejection from $0.2301, a level tested multiple times in the last 24 hours. The pullback to $0.2266 is currently sitting near a cluster of short-term moving averages (SMA 20 to 100) around $0.223 to $0.225, forming a support ribbon. This zone is critical. A break below it could bring DOGE price back to the next hourly support at $0.2218, followed by $0.2175. However, if this support holds and DOGE bounces with volume, it could retest $0.230, and potentially break it — forming a bullish continuation pattern. The Dogecoin price action is squeezing within narrowing support and resistance levels, creating a symmetrical triangle setup on the hourly chart. Typically, this pattern precedes a breakout. To calculate the potential move: Height of the triangle: Breakout Target = $0.230 + $0.013 = $0.243 This sets a short-term target of $0.243 if DOGE can break upward. On the flip side, a breakdown below $0.217 could send DOGE back to $0.208 or even $0.198. If DOGE price sustains above $0.225 and breaks $0.233 , we could see a quick rally toward $0.243-$0.25 range. This would also align with renewed altcoin sentiment as BTC dominance has been slightly fading. However, failure to hold $0.221 could start a downtrend toward $0.208, the daily 20-SMA and a key structural support. Near-Term Outlook: Dogecoin price is currently at a make-or-break zone . With rising volume, moving average support, and a bullish triangle forming, the odds of a breakout seem slightly higher — but confirmation is key. Watch for a clean close above $0.233 with volume. If that happens, DOGE might just be gearing up for a solid upward push. If you're already in a position, tightening stop-losses under $0.221 is wise. If you're looking to enter, wait for the breakout and confirmation — Dogecoin doesn't forgive late entries when momentum dies down. Let’s see if the dog runs again. Start now on Bitget: Sign Up Here Check Live DOGE Chart: DOGE/USDT on Bitget Dogecoin (DOGE) price is currently trading around $0.2278, consolidating just below a key resistance after a recent bounce. On both the daily and hourly charts, DOGE price has shown signs of strength — but also clear hesitation. The charts indicate that bulls are defending key support zones, yet struggling to break above a well-defined resistance band. On the daily chart, Dogecoin price has been moving in a tight channel after a strong rally earlier this month that pushed prices above $0.26, followed by a pullback. Currently, DOGE is trading between its 50-day SMA ($0.193) and 200-day SMA ($0.269). This zone has become a battleground. The 20-day moving average is at $0.208, and DOGE price is comfortably above it. Historically, when DOGE holds above the 20-SMA, it tends to make another leg up. The last breakout from this level (on May 9) took DOGE from $0.19 to $0.29 — an over 52% move. If the Dogecoin price can close above $0.2335 , it could signal a short-term breakout with a likely push toward $0.25, and if momentum sustains, even back to $0.265. The hourly chart reveals a recent rejection from $0.2301, a level tested multiple times in the last 24 hours. The pullback to $0.2266 is currently sitting near a cluster of short-term moving averages (SMA 20 to 100) around $0.223 to $0.225, forming a support ribbon. This zone is critical. A break below it could bring DOGE price back to the next hourly support at $0.2218, followed by $0.2175. However, if this support holds and DOGE bounces with volume, it could retest $0.230, and potentially break it — forming a bullish continuation pattern. The Dogecoin price action is squeezing within narrowing support and resistance levels, creating a symmetrical triangle setup on the hourly chart. Typically, this pattern precedes a breakout. To calculate the potential move: Height of the triangle: Breakout Target = $0.230 + $0.013 = $0.243 This sets a short-term target of $0.243 if DOGE can break upward. On the flip side, a breakdown below $0.217 could send DOGE back to $0.208 or even $0.198. If DOGE price sustains above $0.225 and breaks $0.233 , we could see a quick rally toward $0.243-$0.25 range. This would also align with renewed altcoin sentiment as BTC dominance has been slightly fading. However, failure to hold $0.221 could start a downtrend toward $0.208, the daily 20-SMA and a key structural support. Near-Term Outlook: Dogecoin price is currently at a make-or-break zone . With rising volume, moving average support, and a bullish triangle forming, the odds of a breakout seem slightly higher — but confirmation is key. Watch for a clean close above $0.233 with volume. If that happens, DOGE might just be gearing up for a solid upward push. If you're already in a position, tightening stop-losses under $0.221 is wise. If you're looking to enter, wait for the breakout and confirmation — Dogecoin doesn't forgive late entries when momentum dies down. Let’s see if the dog runs again. Start now on Bitget: Sign Up Here Check Live DOGE Chart: DOGE/USDT on Bitget

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