Dogecoin (DOGE) Price Prediction: Analyst Eyes $0.22 Test as Outflows Threaten Market
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Dogecoin price today is trading at $0.212 after a volatile week that saw repeated defenses of the $0.21 mark. While buyers have managed to prevent deeper breakdowns, momentum remains capped by overhead resistance zones around $0.22 to $0.23.
The token’s consolidation reflects mixed signals. Short-term structures suggest compression within a descending channel, but long-term charts highlight a possible breakout setup that resembles past cycles. This leaves traders debating whether the next move will be a rebound or further decline.
Dogecoin Price Action Holds Within Descending Channel
On the 4-hour chart, Dogecoin price action remains confined in a descending channel, with repeated rejections at the $0.22 zone. Exponential moving averages are stacked just overhead, with the 20-EMA near $0.214 and the 50-EMA at $0.217, reinforcing near-term resistance.
Related: Solana (SOL) Price Prediction: Breakout Or Pullback Next?
Support sits near $0.21, where price recently bounced from a trendline connecting June lows. A decisive break below this level risks opening the door to $0.20 and $0.197. Conversely, a close above $0…
The post Dogecoin (DOGE) Price Prediction: Analyst Eyes $0.22 Test as Outflows Threaten Market appeared first on Coin Edition.
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