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Dogecoin Holds Tight Range Below Resistance as Key Breakout Test Nears

Analysts say only a break above $0.157 would confirm a reversal from the early‑January relief bounce.

Overview

  • Price is holding a narrow range around $0.139–$0.148, with $0.145 flagged as the pivot that would improve short‑term structure.
  • Multiple chart reads converge on the mid‑$0.15s as the decision zone, with a new local high above $0.157 required to shift trend.
  • A loss of $0.138–$0.135 would put $0.1319, then $0.1208 and $0.1068 in view as supports if selling resumes.
  • Bollinger readings show a bounce from the lower band, a retest of the basis near $0.135, and rotation back toward the upper band near $0.16.
  • Intraday charts note volume spikes on down moves and repeated rejections from descending resistance, keeping risk skewed lower while the 34‑day EMA (~$0.183) and 200‑day SMA (~$0.221) cap the upside.