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DOGE Price Eyes $0.21 Resistance Following Huge OKX Volume Jump
DOGE Price– Dogecoin (DOGE) just experienced a massive 1,023% surge in trading volume on OKX within a single hour, according to CoinGlass data. Such sharp volume jumps often signal strong buying interest, likely from whales or large holders stepping back into the market. This surge comes as Dogecoin (DOGE) attempts a recovery after a recent sharp sell-off.
DOGE Price Rebounds Toward Key Resistance
Following six consecutive days of decline, Dogecoin bounced back from a low of $0.188 on Sunday to reach an intraday high of $0.204 on Monday. DOGE gained 2.47% on the day, trading near $0.201 at press time. The $0.21 level now looms as an immediate resistance, coinciding with the daily 200-day Simple Moving Average (SMA), a crucial technical barrier for traders.
Consolidation Zone Between 50- and 200-Day SMAs
Currently, DOGE is consolidating between its 50-day SMA at $0.195 and the 200-day SMA near $0.2099. Buyers and sellers are battling within this range, with sellers defending the $0.204 intraday peak after the recent rally. A decisive break above or below these SMA levels will likely define DOGE’s short-term trend.
What’s Next for Dogecoin?
If Dogecoin holds above the 50-day SMA support near $0.19, bulls may push toward the $0.21 resistance and beyond, eyeing the $0.248–$0.287 range seen in late July. However, a break below $0.19 could expose DOGE to further downside risks, potentially dropping toward $0.14. Traders should watch these key levels closely for clues on DOGE’s next big move.
