DOGE Retests Breakout Zone Near $0.22 with Uptrend Continuation in Sight

robot
Abstract generation in progress

Dogecoin broke past its $0.21–$0.22 resistance, now retesting the zone for potential support and possible continuation of its upward trend.

Price consolidation near $0.21595 aligns closely with the 9-day EMA, strengthening this zone as a technically significant level for buyers to defend.

DOGE maintains a bullish structure above the 50-day EMA, as declining volume hints at a healthy pullback before a possible fresh rally.

Dogecoin is currently trading just above a critical horizontal support zone, showing early signs of strength as bulls step in.

DOGE Breaks Resistance, Retests Support

Dogecoin ($DOGE) has successfully broken above a major resistance zone between $0.21 and $0.22 — a level that had repeatedly capped price advances since February 2025. Following this breakout, the asset is now retesting the same zone, which has flipped into support. This pattern is commonly viewed as technically sound and signals a possible continuation of the uptrend if the level holds.

A tweet from Alpha Crypto Signal noted that DOGE is holding the support level well and emphasized the potential for a bounce if buyers continue to defend this area. The breakout was supported by increased trading volume, which typically reflects strong interest from market participants.

DOGE is currently consolidating around $0.21595, slightly below the 9-day EMA at $0.21807. This close alignment further strengthens the case for a stable structure and suggests growing demand around this zone.

Support Zone Gains Technical Importance

The support area around $0.21–$0.22 is now critical to the current structure. If this level holds, it could serve as a launchpad for the next leg higher. The 50-day EMA, positioned at $0.17929, remains far below current levels, reinforcing the medium-term bullish bias.

Volume indicators also show decreasing selling pressure, suggesting the recent dip could be part of a healthy pullback rather than a full reversal. A bullish candle or a spike in buy-side volume from current levels could trigger a move toward recent highs above $0.26.

Market Watch: Stability Amid Pullback

Dogecoin is priced at $0.2228 as of today, showing a 3.32% rise over the past 24 hours. This gain comes after a 3.65% decline in the previous seven days. The tweet from Alpha Crypto Signal accurately reflects the current sentiment — DOGE is at a make-or-break level.

If the support holds and buyers step in with volume, the market could see renewed upward pressure. Until then, all eyes remain on this zone.

The post DOGE Retests Breakout Zone Near $0.22 with Uptrend Continuation in Sight appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.

The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • 1
  • Share
Comment
0/400
Birjavip
· 05-18 21:25
HODL Tight 💪
Reply0