Dogecoins Hold 23 Cents After Heavy-Volume Resistance and Support Tests

A detailed session review shows Dogecoin oscillated within a narrow $0.010 envelope over 24 hours as traders weighed conflicting signals. Early bids lifted the price to $0.244, but sellers defended the zone, triggering a quick rejection to the $0.235 area. Three pronounced volume surges—08:00, 15:00 and 16:00 UTC—pushed turnover to 718 million tokens, far above the 24-hour average of 292 million. Despite the buying pressure, the token could not print a higher high and closed marginally positive at $0.239, up 0.42 %. Technical structure now resembles a classic triangle compression, with declining tops and rising lows converging toward a breakout point expected later this week. Order-book data from Binance shows resting sell interest thickening above $0.245, while buy walls remain layered every 0.002 below spot, evidence of dip accumulation. Funding on DOGE perpetuals stayed neutral, suggesting neither side is over-leveraged. On-chain signals are mixed: daily active addresses dropped 8 % but large-holder inflows rose 14 %, hinting at positional building by whales. Analysts caution that a close beneath $0.234 would invalidate the bullish bias and expose $0.227, whereas acceptance above $0.244 could target the psychologically significant $0.250 level. The memecoin’s performance comes as broader altcoin sentiment improves alongside bitcoin’s approach to $120 K and equity markets notch fresh highs after the U.S.–EU trade detente.