Dogecoin Stalls Below Resistance as Price Hovers Near $0.16

Analysts highlight RSI strength alongside a retest of the $0.12–$0.17 demand zone as key tells for the next move.

Overview

DOGE trades around $0.162 with a roughly 7% daily drop and more than a 20% decline over 30 days, as market cap sits near $24.6 billion and 24‑hour volume jumps about 48%.
Short‑term resistance is flagged at the 20‑day EMA near $0.17 and a prior order‑block zone around $0.186, with price compressing just below these levels.
Chart studies point to an ascending‑triangle setup and a weekly accumulation phase, structures traders say can precede upside if resistance breaks on volume.
Momentum signals are mixed, with RSI readings cited as hinting at a possible bullish turn and a hidden bullish divergence noted on the weekly chart.
Analysts say holding above $0.17 could enable a rebound toward $0.22, whereas failure risks deeper tests of $0.15 and $0.12, and longer‑range targets remain speculative and contingent on confirmed breakouts.