Dogecoin DOGE Edges Higher as Traders Eye Key Resistance Levels

Dogecoin (DOGE) recorded a 2.4% increase over the past 24 hours, showing mild bullish momentum as the broader market remains relatively stable. At press time, DOGE is trading around $0.1418, with price action drawing attention to nearby technical levels that could shape its next move.

Hourly Chart Shows False Breakout Near Resistance

On the hourly time frame, DOGE briefly pushed above the local resistance at $0.1408 before retreating, forming what appears to be a false breakout.

If the daily candle manages to close near this level, traders may anticipate another attempt higher, with the $0.1450 area emerging as the next short-term target.

This zone could act as a near-term test of bullish strength, particularly if buying interest increases into the daily close.

Short-Term Outlook Points to Consolidation

Looking at a broader time frame, DOGE recently bounced from support at $0.1358, suggesting that buyers are still defending lower levels.

However, the rebound lacks strong follow-through so far, indicating that the market may need additional time to build momentum.

As a result, sideways trading within the $0.1380 to $0.1450 range appears to be the most likely short-term scenario, as neither buyers nor sellers have taken firm control.

Midterm Structure Remains Neutral

From a midterm perspective, Dogecoin continues to trade near the middle of a wider price channel. Key support is located at $0.1199, while resistance stands at $0.1568.

With price positioned between these levels and no clear directional dominance, the likelihood of sharp moves before the end of the week remains limited.

Unless a decisive breakout occurs on either side of the range, DOGE is expected to remain range-bound, with traders closely monitoring volume and broader market cues for direction.