Following an intraday surge, DOGE retreats to test the $0.18 floor as traders pocket gains.

DOGE Pulls Back After Late-Session Reversal, Signals Short-Term Momentum Shift

Dogecoin (DOGE) tested resistance before encountering profit-taking on Tuesday, forming a lower high that hints at a potential short-term shift in momentum.

During the session, DOGE briefly broke above $0.1815, supported by trading volume 96% above average, before a late-session reversal erased most intraday gains. The meme coin ultimately settled at $0.1824, marking a 3.1% advance while testing resistance near $0.184. Intraday price action ranged between $0.1769 and $0.1838, as traders explored upper channel boundaries.

A looming Bitwise spot DOGE ETF—potentially launching within 20 days through automatic approval under Section 8(a) of the Securities Act—remains a market catalyst, though short-term price action was largely driven by technical flows.

Intraday Price Dynamics
DOGE’s rally stalled around 14:00 GMT, as profit-taking pushed prices down 1.1% from $0.1842 to $0.1821 on elevated volume of 7.8 million tokens. This move briefly broke interim support at $0.1830, disrupting the earlier ascending channel structure and establishing a lower high formation—an early warning of weakening bullish momentum.

Technical Outlook
DOGE’s structure remains constructive above $0.1800, but a drop below $0.1820 could invite further selling. The ascending channel on 4-hour charts was compromised, introducing a neutral-to-bearish bias. Momentum indicators show signs of fatigue: RSI fell from 64 to 52, and the MACD is nearing convergence. Despite the reversal, support around $0.1800 continues to attract buying interest.

Key Levels to Watch

• $0.1800: critical support
• $0.1835–$0.1840: resistance band for potential upside
• $0.1760: downside retest if support fails

While ETF speculation provides bullish context, analysts emphasize that short-term price behavior is largely shaped by profit-taking and technical positioning following recent whale accumulation.

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