- Dogecoin consolidates between $0.220–$0.240 with $0.22 acting as a firm support level.
- Analysts confirm a hidden bullish divergence, signaling potential continuation of DOGE’s uptrend.
- Sustained buying above $0.240 could open the path toward a breakout target near $0.34.
Dogecoin (DOGE) recorded a strong rally earlier in September with what analysts described as a bullish beauty run, carrying the price toward $0.307 before facing a sharp rejection. Since then, the asset has moved into consolidation within a defined range between $0.220 and $0.240, with the market now attempting to pull back and regain strength.
Consolidation After Rally
The Dogecoin chart showed consistent upward momentum in early September, with price action building toward a peak near $0.315 before sellers took control. According to an observation by BitGuru, the rejection near $0.307 triggered a steady retracement as DOGE pulled back from the $0.300 zone.
Following this phase, DOGE entered a sideways structure, trading between $0.220 and $0.240 for several sessions. This created a narrow corridor that kept the market balanced between buyers and sellers. Data from Coingecko indicated that during this consolidation, Dogecoin maintained a strong base around $0.22, which acted as a key support level.
The market defended this level successfully, with analysis confirming the presence of a hidden bullish divergence. This occurred when prices formed higher lows while the RSI created lower lows. According to technical analysts, such a pattern typically points to trend continuation when supported by volume.
Recent Market Activity and Key Levels
Over the last 24 hours, DOGE gained 9.6% to trade near $0.256, maintaining growth above $0.25 for most of the session. The 24-hour range extended between $0.2335 and $0.2576, reflecting consistent buying activity. Trading volume reached $3.43 billion, with market capitalization reported at $38.67 billion.
According to analysis prepared by trading experts, the $0.240 level remains the immediate resistance. Beyond this, the value area high forms the next major barrier, as past rallies failed at this level due to lower volume inflows. Analysts noted that sustained buying pressure could push the price toward $0.34 if DOGE breaks above this range.
Market structure continues to show higher lows, confirming steady demand even during minor retracements. As long as DOGE holds above $0.22 support, the technical setup continues to favor buyers, reinforcing the ongoing pullback attempt.
