Dogecoin

Momentum

Resistance

<ul class="wp-block-list cnl-post-highlights-list">
 <li>Dogecoin is battling at $0.176, with a bearish tweezer signaling resistance.</li>  
 <li>A breakout over $0.176 has the potential to push gains, but support at $0.143 is crucial.</li>  
 <li>The market waits for confirmation since DOGE is moving in a tight consolidation zone.</li> 
</ul>  
<p>Dogecoin's chart on the daily chart shows a steep price action, with the asset consolidating near major levels of resistance. A bearish candlestick pattern suggests a likely decline if the momentum diminishes.</p>  
<h2 class="wp-block-heading" id="market-structure-and-momentum">Market Structure and Momentum</h2>  
<p>Dogecoin has been showing indications of downtrend pressure, range-bound in a self-imposed range. The price remains held between major resistance and support, choosing the next direction to head.</p>  
<p>Recent work by market commentator Trader Tardigrade reveals a "Bearish Tweezer" set up near the <a href="https://cryptonewsland.com/dogecoin-breaks-0-1689-amid-market-volatility-can-it-surge-past-0-1789/" rel="noopener noreferrer nofollow">$0.176 resistance level.</a> He observed that the pattern, typically a mark of selling pressure, coincides with a false breakout, pointing towards potential declines.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeJZlVIyz5yi2bYE9cw2hvkd17ooKM2lQk9FgzEm3Sxn5iwduIVo9aiFE8cAKD0uB8JOYWxMjBarYUKeZCTRxrJSVWvTHblY14VeQBCmacAeg57dQvJOYc4mUiJ-_k1Boy36-Cj9w?key=s3XTuQcXJbyfUFEXNd3z-iDc" alt="">
</figure>  
<p class="has-text-align-center">Source: <a href="https://x.com/TATrader_Alan/status/1902865847678644431" rel="noopener noreferrer nofollow"><em>Trader Tardigrade</em></a></p>  
<p>The tested asset previously at $0.143 was supporting, and he noted that not dropping below $0.176 may push the price towards that level. The analysis also notes that DOGE must form higher lows around $0.176 to achieve upward momentum to break higher.</p>  
<h2 class="wp-block-heading" id="key-support-and-resistance-zones">Key Support and Resistance Zones</h2>  
<p>Dogecoin's price graph picks out pivotal horizontal levels governing current market behavior. Resistance zones of $0.18590 previously topped every rally, whereas the $0.13708 support line has relentlessly brought declines to a close. Additional technical analysis findings carried out by Trader Tardigrade reveal consolidation between $0.143 and $0.176, which suggests likely range-bound action.</p>  
<p>He further explained that if DOGE were to break above $0.176, it might go on to greater levels of resistance, confirming a bullish breakout. Failure to sustain support, however, could cause lower prices to lower levels of price, confirming a bearish breakdown pattern.</p>  
<h2 class="wp-block-heading" id="potential-market-scenarios">Potential Market Scenarios</h2>  
<p>Based on the report from Tardigrade, the market structure is in suspense awaiting confirmation of what to do next. He indicated that the zoomed chart areas outline two paths: an up breakout or down rejection.</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe1KUK4ZYW81eTC1ubsBN6S7AX8S3ceDMksKyGM77Z8IjJzbbI7_hwGJLiK8fnHua47vZ6-P-DsVpe8yu1TseaBQlto8R2hRjHtl7cGT8RuwYp02ThnBgRi1FiLJ2cWBnwM9qZWGQ?key=s3XTuQcXJbyfUFEXNd3z-iDc" alt="">
</figure>  
<p class="has-text-align-center">Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow"><em>CoinMarketCap</em></a></p>  
<p><a href="https://cryptonewsland.com/dogecoin-eyes-1-as-stochastic-rsi-mirrors-past-bullish-breakout-setups/" rel="noopener noreferrer nofollow">The bullish view</a> is in a confirmed breakthrough resistance, where price probes support before resuming. According to him, the bearish scenario illustrates a rejection at resistance, which induces a higher volume of selling and resultant lower price levels. Such levels are monitored closely by market players to assess future price movement.</p>

Dogecoin Battles Key Resistance at $0.176: The Next Support Levels to Watch

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