Overview

• Dogecoin is trading in a tight $0.22–$0.23 range below the 100-hour SMA after sliding roughly 15% from early-July highs.
• Immediate resistance stands at $0.228 and $0.235, with a decisive close above $0.235 viewed as a trigger for a rebound toward $0.25–$0.31.
• A failure to hold $0.222 support could expose DOGE to deeper losses near $0.212 and $0.205 levels.
• Large holders have bought roughly 130 million DOGE in 24 hours, signalling buy-the-dip confidence despite bearish technicals.
• Elon Musk’s recent tweet failed to halt the slide, underscoring limits of social-media endorsements on DOGE’s price momentum.