DOGE Drops 3.22% as Failed Breakout Triggers Pullback Tests Key $0.2223 Support

Most cryptocurrencies faced a downward correction on July 25, with CoinMarketCap highlighting broader market volatility as a key driver [1]. Despite this trend, Dogecoin (DOGE) emerged as a notable performer, though it recorded a 3.22% decline in the last 24 hours. Analysts attributed this movement to a failed breakout of a local resistance level at $0.2324, triggering a pullback in the short-term price trajectory [1].

Technical indicators suggest that DOGE’s hourly chart reflects a bearish reversal. After a false breakout attempt, the price retreated and is now testing a critical support level at $0.2223. A confirmed breakdown of this threshold could extend the correction to the $0.21–$0.2150 range in the coming days. Traders are monitoring whether the asset can stabilize above $0.22 to avoid further losses [1].

From a mid-term perspective, the failure of bullish momentum following a recent positive closure has raised concerns about the sustainability of upward trends. Analysts noted a high probability of DOGE testing the $0.2067 level by week’s end, which could signal a deeper consolidation phase. This development would align with broader market conditions, where most top coins are under pressure to retest previous support zones [1].

As of the latest update, DOGE was trading at $0.2243, reflecting mixed short-term signals. While the hourly chart remains bearish, the asset’s relative outperformance against peers underscores its role as a short-term focal point in a broadly weak market. Investors are advised to closely monitor the $0.2223 level, as its resilience could dictate the next phase of price action [1].

Source: [1] [DOGE Price Prediction for July 25] [https://u.today/doge-price-prediction-for-july-25]