DOGE Price Prediction: Tests $0.18 Floor After Intraday Breakout Sparks Profit-Taking
Dogecoin broke $0.18 resistance on high volume but reversed, forming a lower high and suggesting short-term profit-taking exhaustion.Summary
Dogecoin (DOGE) broke above the key $0.1815 resistance level during Tuesday's session, accompanied by a 96% surge in trading volume driven by speculative interest and whale accumulation. However, a late-session reversal erased most intraday gains, causing the price to pull back from a high of $0.1842. This move established a lower high formation, signaling a potential short-term shift in momentum and suggesting the breakout was fueled by short-term liquidity rather than sustained growth. Technically, the ascending channel structure was compromised, and momentum indicators like the RSI eased, though support near $0.1800 remains critical. The near-term outlook depends on DOGE defending $0.1800 or reclaiming the $0.1835–$0.1840 resistance zone, while the potential launch of a Bitwise spot DOGE ETF remains a background catalyst.
(Source：CoinDesk)