Dogecoin News Today: Dogecoin Falls 2.8% Amid Triple Rejection at $0.2458 Resistance

Dogecoin recently experienced a 2.8% decline in the last 24 hours, settling at $0.2341 and remaining above the critical support level of $0.2307. This comes after three consecutive price rejections near the $0.2458 resistance zone, a key area that has repeatedly failed to be breached in recent months. The inability to move past this level has curtailed upward momentum and reinforced the bearish bias in the short term [1].

The immediate 24-hour trading range for DOGE is between $0.2307 and $0.2458, with the lower end providing crucial support that has so far prevented a deeper pullback. The cryptocurrency’s relative performance against Bitcoin has shown some resilience, as DOGE is valued at 0.051972 BTC at the time of reporting, reflecting a 4.5% increase over the same period [1]. It maintains relative stability against other major trading pairs, but the broader sentiment remains cautious given the ongoing resistance challenges.

On the daily chart, DOGE has shown consistent resistance at the $0.2458 level, with historical price behavior indicating sharp reversals following similar rejection patterns. The most recent rejection mirrors moves observed in late July 2025, where buying pressure at resistance was swiftly dissipated in favor of short-term selling dominance. This pattern suggests that traders are increasingly wary of another upward breakout attempt without a clear shift in market sentiment [1].

Technical indicators offer a mixed but largely neutral outlook. The Relative Strength Index (RSI) stands at 47.41 on the hourly chart, with a close value of 44.95, signaling balanced buying and selling pressures. Meanwhile, the MACD is near -94.01M, with the histogram showing mild downside momentum. These readings reinforce the idea that DOGE is unable to sustain gains above resistance, and the market is waiting for a decisive directional move [1].

The next critical development will likely depend on whether the $0.2307 support holds. A break below this level could signal deeper bearish pressure, while a rebound would suggest renewed interest in the asset. The current price action reflects a tug-of-war between bulls and bears, with neither side gaining a clear advantage for now. Analysts and traders are closely watching for confirmation of the next leg of the move, particularly as this support area has historically acted as a turning point in DOGE’s price trajectory [1].

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[1] Dogecoin Pulls Back 2.8%, Holds Support Near $0.2307 After Triple Resistance Rejection (https://cryptonewsland.com/dogecoin-pulls-back-2-8-holds-support-near-0/)