DOGE Tests Key Support at $0.22 Amid Heavy Selling Pressure

Dogecoin (DOGE) experienced a significant downturn over the past 24 hours, shedding nearly 7% of its value to test a crucial support level at $0.22. The decline was driven by aggressive selling pressure, with a notable surge in trading volume suggesting distribution by large holders and institutional players. A sharp sell-off at 07:00 UTC on August 11 established $0.238 as a firm resistance level, which Doge has struggled to reclaim despite multiple attempts. Buyers have shown interest at the $0.20 level, indicating potential stabilization. As of August 14, 2025, the market remains cautious, with traders closely monitoring whether DOGE can hold this support or face further downside.

DOGE Slides 7% to $0.22 Support Amid Heavy Selling Pressure

Dogecoin (DOGE) faced aggressive selling pressure over the past 24 hours, dropping nearly 7% from $0.24 to test key support at $0.22. The decline was accompanied by a surge in trading volume, indicating distribution by large holders and institutional players.

A sharp sell-off at 07:00 UTC on August 11 established $0.238 as firm resistance, with DOGE failing to reclaim this level despite multiple attempts. Buyers emerged at $0.226, generating significant buy-side flows, but repeated rejections NEAR $0.231 kept the meme coin range-bound.

The weakness mirrors broader cryptocurrency market sentiment, weighed down by regulatory uncertainty and macroeconomic risks. As trading volume declined toward session close, DOGE consolidated between $0.2247 and $0.2253, suggesting selling pressure may be easing.

DOGE on the Rise: Can Dogecoin Outshine Other Memecoins and Reach $1?

Dogecoin is gaining momentum as trading volumes rise and liquidity remains strong across major exchanges. The asset is consolidating near key levels, with analysts predicting short-term targets of $0.27–$0.30 and mid-term projections reaching up to $0.52.

Whale accumulation has become a significant driver, with large investors purchasing over $200 million worth of DOGE, now controlling nearly half of the circulating supply. Technical indicators like the 'golden cross'—a bullish signal where short-term moving averages surpass long-term ones—are fueling optimism.

Market sentiment remains positive, amplified by speculative interest and recent bullish trends. These factors collectively create a favorable environment for DOGE's continued upward trajectory.

DOGE Surges 7% as Bull Flag Breakout Targets 30-Cent Threshold

Dogecoin (DOGE) rallied 7% in a 23-hour period, breaking through key resistance levels on heavy volume before profit-taking trimmed gains. The meme coin climbed from $0.23 to $0.24, with intraday volatility reaching 9.58% as institutional buyers accumulated over 1 billion tokens.

Technical indicators turned bullish as DOGE confirmed $0.23 as support and breached a bull flag pattern. The 07:00-08:00 UTC window saw the strongest momentum, with 1.56B DOGE changing hands - suggesting coordinated whale activity. Large holders now control nearly half the circulating supply.

While the push toward $0.25 faltered late in the session, the cryptocurrency established $0.24 as new support after multiple successful tests. Chart patterns suggest potential upside toward $0.30 if accumulation continues.

Dogecoin Shows Bullish Technical Patterns Amid Market Rally

Dogecoin's price action suggests a potential breakout as it forms a classic inverse head-and-shoulders pattern. The meme cryptocurrency currently trades at $0.2400, having rebounded 27% from its monthly low of $0.1890 on August 4. Technical indicators point to a 25% upside target of $0.3058 if the neckline at $0.2486 is decisively breached.

The chart reveals Dogecoin has entered the third phase of an Elliott Wave cycle, having completed the initial impulse wave and subsequent correction. Market participants are watching for a close above $0.2488 to confirm the bullish count, which could propel DOGE toward the $0.2877 resistance level. This technical setup emerges as the broader cryptocurrency market maintains its upward trajectory.

Dogecoin (DOGE) Price Prediction: Triangle Pattern Suggests Potential Breakout

Dogecoin's price action has consolidated into a tightening triangle pattern, signaling a potential inflection point. The meme coin faces critical resistance at $0.25—a level that has rejected multiple rally attempts. A decisive breakout with strong volume could propel DOGE toward $0.36, representing a 50% upside from current levels.

Technical indicators reinforce the bullish case. The MACD's positive crossover and a golden cross formation between the 50-day and 200-day moving averages suggest growing buying pressure. These signals historically precede sustained upward movements in asset prices.

Market participants should note key risk zones. The $0.29 level remains a proven ceiling, while failure to hold $0.23 support may trigger a retracement toward $0.20. On-chain metrics reflect this tension—momentum oscillators show divided sentiment among traders as the asset tests pattern boundaries.