DOGE Price Prediction: Long Positions Continue, DOGE Faces Key Resistance Area

Current Trend Analysis: Short-term rise but momentum is slowing down

Dogecoin (DOGE) has recently shown strong signs of rebound, regaining multiple key support levels and reaching new local highs, establishing "higher highs" in the short term. This has brought Dogecoin back into familiar oscillation ranges:

• High time frame support level: $0.15
• High time frame resistance level: $0.23

Currently, the price is near the "Value Area High", which is a common technical reversal or consolidation point.

However, with the overall correction in the cryptocurrency market today, Gate.io shows that DOGE is moving downward, currently reported at 0.19036 USD, with a 24-hour decline of 6.95%.

Interpretation of Key Technical Points

🔹 Resistance zone at the value area high

Dogecoin has approached the strong resistance aggregation area formed by volume profile and historical price action, which has previously limited the price from rising further.

🔹 Key levels in the high time frame

• $0.23: Long-term strong resistance level, if broken with significant volume, will significantly enhance upward expectations.
• $0.15: A key support level that has been validated multiple times, forming the lower edge of the rising channel in the current structure.

🔹 POC and value area bottom rotation confirmation (supports short-term bullish structure)

Earlier this week, Dogecoin found support after testing the "Value Area Low" and successfully broke above the POC (Point of Control), confirming a short-term bullish structure.

Future Market Outlook

Scenario 1: Encountering a pullback at the current resistance level

If Dogecoin encounters rejection at the current value area's high point, it may trigger a short-term price pullback, but this trend will be seen as a technically "healthy" trend pullback. As long as it can stabilize at higher levels (e.g., $0.17-$0.18), it is expected to build higher lows and pave the way for a new round of rise.

Scenario 2: Significant Volume Breakthrough Resistance Level

If the price can break through the current resistance zone accompanied by a significant increase in trading volume, it indicates that market momentum is strengthening again, and Dogecoin may directly challenge the high time frame resistance of $0.23 in the short term.

Summary: Short-term focus on the resonance of price and trading volume, long-term structure remains bullish.

Despite the current pump momentum being slightly weak, Dogecoin's overall trend still maintains a healthy rise structure. From a technical perspective, the resistance area currently faced is a critical watershed for the short-term trend:

• If there is a pullback, it will be a good opportunity to build "higher lows."
• If it breaks out with volume, it will accelerate the pace towards $0.23.