- DOGE is forming a classic ascending triangle, approaching a critical $0.28 resistance level.
- Immediate resistance at $0.295–$0.305 with support near $0.257–$0.265 on short-term charts.
- Volume decline during pullback hints at a healthy correction, not a reversal.
Dogecoin is hovering near the key $0.28 resistance. A bullish triangle is forming and with a steady support, the stage is set for a possible breakout.
Dogecoin Builds Momentum Near $0.28
Dogecoin’s price pulled back slightly, dropping over 4% in the last 24 hours to $0.278. Despite the dip, DOGE has gained over 18% in the past week, showing strong buying interest. On the weekly chart, DOGE is forming an ascending triangle pattern, a bullish setup that has led to major rallies before—in 2017 and 2021.
This pattern has higher lows stacking up against a steady resistance near $0.28. Historically, breaking above this resistance has triggered sharp upward moves.DOGE is nearing the triangle’s apex, making a breakout likely if buyers push past $0.28 with enough volume.
Traders will watch for a clear break with a candle close above $0.28. Without that confirmation, the pattern could fail or stretch into more sideways action.
Resistance and Support Levels Shape Short-Term Moves
DOGE faces resistance between $0.295 and $0.305. This zone recently capped gains as sellers stepped in, marking it a supply area. Above this, stronger resistance exists around $0.34 to $0.37, where upward momentum may slow or pause.
The $0.257 to $0.265 zone offered a solid support bounce during the latest pullback, proving buyers are active here. If that support breaks, further demand zones lie at $0.238–$0.245 and $0.214–$0.226. These levels saw heavy accumulation in past dips and could provide safe entry points on deeper corrections.
Volume patterns give clues too. Volume rose during the rally towards $0.30, but as DOGE retraced, sell volume dropped. This suggests the pullback is healthy and controlled, not signaling a trend reversal.
Signs Point to Possible Upside
The price action shows higher lows and steady consolidation just below resistance which is a bullish sign. A clean move above $0.305 could open the door for a push to $0.34 and beyond. But if DOGE falls below $0.257, deeper supports will be tested, possibly extending the consolidation phase.
Momentum indicators have yet to reach overbought levels seen in past runs. That leaves room for further gains before a cooling-off period. Profit-taking near $0.28 has occurred, but open interest is hitting new highs, indicating strong interest from traders.
