Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin is cooling off after its recent rejection near $0.307, with price action now consolidating between $0.220 and $0.240. Despite the pullback, bullish momentum remains intact, and market signals suggest a retest of the $0.32 level could be only a matter of time. Critical Support Validated, Bulls Eye $0.32 Retest
Master Kenobi, in a fresh DOGE chart update, pointed out that the red dashed line has once again acted as a strong support level. This confirmation aligns with the point earlier highlighted by the yellow arrow, showing that the level was accurately identified as a realistic and critical zone for price stabilization. Related Reading Analyst Says Dogecoin’s Parabolic Run Is Inevitable – Historical Pattern Point To Another Breakout 2 days ago
According to his analysis, this support has provided DOGE with the foundation needed to sustain its bullish structure. With the current momentum, the price now looks set to make another attempt at retesting the $0.32 level, a key resistance zone that could dictate the next major move for the token. DOGE eye upward movement | Source: Chart from Master Kenobi on X
Kenobi emphasized that the outlook remains promising so long as no unexpected global events disrupt the wider market environment. Such disruptions could temporarily derail the bullish setup, but under normal market conditions, DOGE is maintaining the strength required to continue pushing higher.
Looking ahead, he suggested that if momentum holds, the all-time high marked by the yellow line and red rectangle on the chart could be reached far sooner than many anticipate. In fact, Kenobi believes the ATH may arrive in less than 30 days, provided the support levels continue to hold and bullish sentiment strengthens further. This suggests a very aggressive timeline for the bullishscenario. Consolidation Signals Preparation For Next Major Move
According to the latest updatefrom BitGuru, Dogecoin staged a strong rally earlier, making an impressive bullish run toward the $0.307 level. The sharp upward move drew significant attention from traders and investors, but the rallywas short-lived as DOGE faced heavy resistance at that zone, leading to a swift rejection and halting further progress. Related Reading Crypto Analyst Tells Dogecoin Investors To Stay Sharp Amid Historical Bullish Setup 1 week ago
Following the rejection, Dogecoin has slipped into a consolidation phase, with price action now largely moving between the $0.220 and $0.240 range. This sideways trading suggests that the marketis in a state of balance, where buyers and sellers are evenly matched, waiting for fresh catalysts to drive the next significant move.
Currently, the market is attempting a pullback, testing the strength of nearby support levels. If the consolidation breaks upward, DOGE could retest the $0.307 zone and aim higher. However, failure to sustain momentum may drag the price lower, possibly challenging deeper supports below $0.220. DOGE trading at $0.25 on the 1D chart | Source: DOGEUSDT on Tradingview.com Featured image from Getty Images, chart from Tradingview.com