Dogecoin’s price is consolidating at $0.20 high-time-frame support, a region with multiple technical confluences. If this level holds, price action is well-positioned for a rotation toward $0.32 resistance.
Summary
- DOGE consolidates at $0.20 high-time-frame support, backed by strong confluence.
- Market structure remains bullish, with $0.32 as the next major resistance.
- Declining volume suggests accumulation, with bullish influxes needed for breakout.
Dogecoin (DOGE) price action is currently holding steady at $0.20, a critical high-time-frame support level backed by the 0.618 Fibonacci retracement and VWAP support. This consolidation is likely to form another higher low in the ongoing bullish structure, paving the way for a potential continuation higher. Adding to sentiment, CleanCore Solutions is targeting Dogecoin as a treasury asset with a $175 million private placement. This development adds emphasis to volume behavior to confirm accumulation and anticipate an expansion phase.
Dogecoin price key technical points
- Critical Support: $0.20 aligns with the 0.618 Fibonacci retracement and VWAP, reinforcing demand.
- Market Structure: Holding this zone establishes another higher low, maintaining bullish macro structure.
- Upside Targets: Value area high is the immediate hurdle, with $0.32 as the next high-time-frame resistance.
The $0.20 level has become a decisive support zone for Dogecoin. Acting as a confluence of key technical markers, it has thus far contained price action, suggesting demand is firmly present in this region. This level is expected to establish another higher low within the bullish macro trend, preserving the structure of c
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Author: Aziz Zamani
