DOGE Price Prediction: Support Level Held Steady After 9% Drop, BUT May Recover...

DOGE started the trading session at $0.240, rose to $0.248, then fell sharply during the active trading hours of the United States, hitting a low of $0.223. A late bounce back brought the price back to $0.226, indicating that buying pressure is accumulating near the support zone. Notably, the trading volume during the sell-off surged to 918 million, more than double the average 24-hour level. This indicates that large investors may have triggered stop-loss orders, which could lay the groundwork for a bounce back if demand returns. Looking at the past 7 days, the chart looks even more bleak, with a decline of over -18%.

Technical Outlook for Dogecoin Price

Dogecoin Price Prediction: Important Levels to Watch With the strong sell-off followed by a bounce back from the zone of 0.223 dollars, the short-term outlook remains cautiously optimistic. If DOGE holds above 0.223 dollars and can regain 0.241 dollars, the price may test the level of 0.260 dollars in the coming days. However, failing to maintain this support level could push the price back to the zone of 0.215–0.218 dollars. Investors should monitor U.S. inflation data and comments from the Federal Reserve, as macroeconomic disadvantages could prolong volatility. How to Trade Dogecoin? Identify your exchange – Compare fee structures and liquidity using our exchange comparison guide. Monitor prices – Keep a close watch on the support zone of $0.223 and the resistance zone of $0.241. Understand the asset – For new traders, learn the basics of blockchain to appreciate the technology behind DOGE.