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Dogecoin Tests $0.22 Support After Break Below $0.25

Traders focus on the $0.22–$0.23 band, with indicators bearish and volume thin.

Overview

  • DOGE slipped below the $0.24–$0.25 floor and hovered near $0.222 at publication, consolidating around a pivotal support zone after a weekly drop of roughly 22%.
  • Short‑term signals skew negative, with MACD in the bearish zone, RSI under 50, price below the 100‑hour SMA, and a descending trendline capping rebounds.
  • Chart watchers note a potential ascending‑triangle structure since July that would target roughly $0.29 if $0.22 holds and buyers return.
  • Failure to defend $0.22 risks a slide toward $0.212–$0.205 or the broader $0.20 area, while a firm hold could reopen $0.24–$0.25, then $0.27–$0.28 and $0.30.
  • NewsBTC highlights social‑media calls for a move to $1.30, which remain speculative and contingent on support retention and improved liquidity.