Dogecoin traded within a tight intraday range around $0.15, briefly dipping to $0.145 before buyers stepped in and regained control. The sharp bounce and push to about $0.153 signals short-term bullish momentum returning after consolidation. If price holds above $0.15, it strengthens the case for a continuation move toward the $0.155 resistance zone.
At press time, Dogecoin was trading at $0.1486, reflecting a modest 1.07% decrease over the past 24 hours.
DOGE’s price action over the past 24 hours (Source:CoinCodex)
DOGE Price Faces Triple Sell Walls as Strong Buying Zone Holds Below
According to analyst CW, DOGE is currently facing three distinct selling walls overhead, clearly marked by repeated rejection zones on the 1-week chart. The first supply barrier sits around $0.155, where price has stalled after the recent rally. Above that, heavier sell pressure is visible near $0.165, followed by a stronger macro resistance zone closer to $0.18–$0.185, an area that previously capped upside and triggered pullbacks. These stacked sell walls suggest that while momentum has improved, DOGE will require sustained volume to break through each level decisively.
On the downside, CW notes that the current price range around $0.145–$0.15 overlaps with a well-defined buying wall zone, highlighted by strong historical demand and rising volume. This area has acted as support after the sharp rebound from below $0.13, indicating buyers are actively defending the level. As long as DOGE holds above this demand zone, the structure remains constructive, with the buying wall serving as a base for potential attempts to challenge the nearby sell walls.
Dogecoin at a Critical Decision Zone as Price Tests the $0.16 Resistance
From an analyst’s perspective, Cantonese Cat would likely frame this Dogecoin chart as a classic corrective phase within a broader range-bound market. Price has trended lower from the September peak near $0.29, breaking below the 0.618 Fibonacci level around $0.20 and sliding toward the 0.382 retracement near $0.12. The sequence of lower highs and lower lows into December confirms bearish control, with momentum clearly favoring sellers during that period.
However, the recent bounce toward the 0.5 Fibonacci level around $0.154 suggests a short-term relief rally rather than a full trend reversal. Price is now testing resistance near the descending moving average and the Ichimoku cloud base, a zone that historically acts like market “weather”, hard to push through without strong volume.
Cantonese Cat would likely argue that a clean reclaim of $0.16–$0.17 could open the door back toward $0.20, while rejection here risks another drift toward $0.12. In other words, Dogecoin is at a decision point: either prove this bounce has teeth, or accept that gravity still runs the show.
