- Dogecoin holds near $0.29 resistance, with steady volume signaling buyer interest.
- Market cap surged from $35B to $44B since early September, reflecting growing confidence.
- A close above $0.25 point of control paves way for a move toward $0.35 Fibonacci target.
Dogecoin edges closer to the crucial $0.30 mark amid soaring market cap and strong buying volume. Traders watch closely—will DOGE break resistance or settle into consolidation? The next move could define the rally.
Dogecoin Consolidates Near Resistance
DOGE has been holding steady just below the $0.30 resistance zone over the past several days.The token dipped about 2.2% in the last 24 hours but is still up more than 33% over the past week trading at $0.2901 as of writing.
Trading volume remains high, pushing close to $8 billion, showing there’s plenty of interest . Dogecoin’s market capitalization mostly moved sideways between $30 billion and $35 billion from mid-August through early September before it shot up, breaking above $44 billion, signaling renewed buying pressure and investor confidence.
This sharp upswing is a big reason bulls remain optimistic about DOGE’s near-term prospects.
Resistance Holds but Support Remains Strong
Price action reveals that Dogecoin formed a rounded bottom in recent weeks — a classic pattern that often signals accumulation before a breakout. However, $0.29 to $0.31 remains a tough wall to climb.
The price has tested this resistance multiple times but hasn’t managed a breakout just yet. Solid support zones between $0.28 and $0.24 are holding strong, offering buyers several entry points.
A particularly important level is the “point of control” at $0.25 — where the highest volume of trading has happened in recent months. Over the past two days, buyers stepped up aggressively at this level, reinforcing it as a crucial level to watch.
Eyes on $0.35 and Beyond
If Dogecoin closes above the $0.25 point of control with strong volume, the next target lies near the $0.35 level which has acted as a magnet during previous bullish runs, making it a main milestone traders are watching.
A clean break and retest of the $0.31 resistance could ignite a rally, possibly pushing DOGE to as high as $0.85 or even $0.95 — prices not seen since the peak of the 2021 bull run. However if DOGE fails to hold above support zones, we could see a retracement back to $0.26 or lower.
Dogecoin’s recent surge in market cap and steady price action paints an optimistic picture. As volume and buying interest increase near key levels, a breakout above $0.31 could unlock a rally toward $1. Until then, the battle between bulls and bears at these critical zones will define DOGE’s next moves.
