Dogecoin

bullish

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A number of attempts to break through the $0.11 mark have been met with rejection for <a href="https://u.today/207-billion-dogecoin-in-one-week-whats-happening" rel="noopener noreferrer nofollow">Dogecoin</a>, which has been experiencing strong resistance here. The market seems to be at a turning point as DOGE consolidates following its recent rally. Dogecoin may experience a decline to lower support levels if the price at $0.11 is consistently rejected.&nbsp;
DOGE may make another run at higher prices in the near future if buying pressure picks up. The amount of $0.105 is the first level that needs to be watched. In the last few sessions, this price has functioned as a support level.&nbsp; <img alt="DOGEUSDT" data-entity-type="file" data-entity-uuid="88e5f6a9-d437-4028-aa59-34aa4121f85e" src="https://u.today/sites/default/files/inline-images/image_1285.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">DOGE/USDT Chart by TradingView</a>
If <a href="https://u.today/dogecoin-doge-creator-shares-his-truth-about-satoshi-nakamoto" rel="noopener noreferrer nofollow">Dogecoin</a> is unable to maintain momentum above $0.11, this is the most likely area where the price may experience a brief respite. A break below $0.105 would indicate increased bearish sentiment, so holding above this level is essential to averting a deeper decline.&nbsp;&nbsp;
The next crucial support to keep an eye on is $0.10, in the event that <a href="https://u.today/43-billion-dogecoin-doge-battle-will-price-make-it" rel="noopener noreferrer nofollow">DOGE</a> fails to hold onto $0.105 and is rejected at $0.11. This level has previously been a crucial floor in price action and has psychological significance. A wave of selling pressure could be generated if Dogecoin drops below the local resistance level, which would further drive the price down to lower levels.&nbsp;
The next resistance zone is at $0.125, and an important target to watch is $0.125 if DOGE is able to overcome the resistance at $0.11. This level denotes a zone of increased resistance where Dogecoin was rejected in August. In order to attract more buyers and create the conditions for DOGE to reclaim higher levels like $0.13 or even $0.14, a successful push above $0.125 could indicate a possible bullish reversal.

Dogecoin (DOGE) Brutally Denied at $0.11: What's Next?

U_Today

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