- •Dogecoin stabilizes above $0.20 after sharp drop, with buyers eyeing next resistance at $0.25.
- •Price range between $0.19 and $0.23 may guide DOGE’s next short-term direction.
- •On-chain data shows a volume gap below $0.19, suggesting possible fast moves if support breaks.
Dogecoin was trading near $0.1992, recovering slightly after falling from recent highs. The price is down nearly 2% in the past 24 hours and over 21% over the last week. The drop followed a rejection near the $0.25 mark, where sellers stepped in heavily.
After touching a low close to $0.15, DOGE has managed to climb back above the $0.20 level. This area has acted as a key support over the last few sessions. The market is now holding steady, with no sharp moves in either direction. According to Bitguru, “$DOGE is stabilizing after a correction phase currently holding around $0.20.”
Short-Term Range in Play, Eyes on $0.25
Price is moving in a narrow band between $0.19 and $0.204, showing reduced volatility since the recent drop. Buyers are slowly returning, but momentum is still limited. If the recovery holds, the next level to watch sits between $0.23 and $0.25, an area that previously acted as a base before the breakdown.
The same post from Bitguru adds,
“If buyers maintain pressure, a move toward $0.23–$0.25 could follow.”
That said, failure to build above $0.20 may lead to sideways trading in the $0.19–$0.23 zone in the near term. Volume and follow-through will likely decide the next move.
On-Chain Data Reveals Price Gap
New data from Glassnode shows that most DOGE was last moved either below $0.07 or above $0.19. The area between $0.0739 and $0.1995 shows low historical activity. This creates a large price zone with few transactions, sometimes referred to as a gap.
Ali pointed out, “There’s a huge gap on Dogecoin $DOGE between $0.19 and $0.07… and gaps don’t stay open forever.” If price falls below the current support, it may move through this zone quickly due to the lack of resistance in that range.
Pressure Builds at Key Support Level
With DOGE hovering just above $0.19, traders are watching for signs of strength or weakness. A move above $0.23 could set the stage for a short-term rally. If not, the price may continue to drift sideways or test lower levels.
BitGuru added, “If buyers fail to hold $0.20, consolidation may continue.” DOGE now sits at a critical level where market direction could shift quickly depending on the next round of buying or selling.