Dogecoin Slides Past $0.23 but Rebounds on Renewed Buyer Demand

Dogecoin (DOGE) slipped 6% amid selling pressure but successfully found support near $0.227, signaling resilience as buyer demand begins to rebuild.

The cryptocurrency market has been affected by ongoing global economic uncertainties and shifting trade policies, yet Dogecoin’s ability to hold its support level highlights sustained investor confidence despite these headwinds.

DOGE has been trading within a clear bearish channel, with resistance pegged at $0.236. However, buying interest at the $0.227 support level has repeatedly stepped in, hinting at a potential stabilization and recovery.

Technical Highlights

DOGE dropped from $0.238 to $0.227 over the last 24 hours, marking a 6.3% decrease.
Price action formed a defined bearish channel with resistance near $0.236 and support close to $0.224.
At 23:00, heavy buying pushed volume to 643 million, well above the 24-hour average.
Following the low point, DOGE entered a consolidation phase between $0.227 and $0.230 with lower volatility.
Recent trading shows a 0.87% decline within the last hour, dropping from $0.229 to $0.227 amid volatility.
A pattern of lower highs and lows emerged, with significant selling activity noted at 13:35 and 13:56.
Buyers reasserted themselves at $0.227 around 14:01, generating the highest volume spike of the hour at 4.5 million.