Overview

• DOGE briefly fell to $0.2303 and is consolidating below $0.245 and the 100‑hour moving average, with resistance at $0.250 and $0.260 and potential recovery targets at $0.28–$0.30 if reclaimed.
• Analyst Merlijn The Trader says a textbook double top broke a $0.27 neckline and hit its $0.238 objective, keeping a bearish bias while price holds below $0.27–$0.28.
• Other technicians highlight a completed retest of a long‑running descending trendline and argue that holding the $0.24–$0.25 base could revive a push toward $0.30–$0.35.
• CoinSpectator reported a midnight dump with a record 2.15 billion DOGE traded, while NewsBTC cites $4.7 billion in 24‑hour volume (about +180%), a market cap near $36 billion, and MVRV below prior peak extremes.
• Key levels now include support at $0.235 and $0.230 with a stronger floor near $0.225, downside risk to $0.212–$0.205 on a break, and a potential upside catalyst if ETF‑driven sentiment helps reclaim $0.27–$0.28.