DOGE Price Consolidates Near $0.24 Amid Rising Trading Volume

Dogecoin (DOGE) traded within a tight $0.010 range between $0.234 and $0.244 over the past 24 hours, reflecting a 4.12% intraday spread. The cryptocurrency opened at $0.238 and closed slightly higher at $0.239, maintaining consolidation after repeated tests of both support and resistance levels.

Key volume spikes at 08:00, 15:00, and 16:00 highlighted sustained buying interest, with the largest surge reaching 718.4 million DOGE during a breakout attempt at 16:00. However, sellers firmly defended the $0.241–$0.244 resistance band, preventing a move higher. A late-session pullback from $0.240 to $0.238 signaled short-term bearish pressure, yet support at $0.238 held firm after multiple retests.

DOGE’s daily gain stood at 0.42%, as bulls managed a slight recovery but failed to secure a higher high. The $0.235–$0.238 support zone remains critical, having been validated three times during the session. Resistance near $0.241–$0.244 continues to cap upside attempts, leaving price action confined to a consolidation channel.

Traders are closely watching whether DOGE can maintain support at $0.238 during upcoming Asia and U.S. sessions. A breakout above $0.244 could spark momentum toward $0.25 or higher, while a drop below $0.234 may invite renewed selling pressure. Volume confirmation will be key in determining the next major directional move, as the current setup hints at a potential breakout in the coming sessions.

This consolidation phase comes amid broader crypto market volatility, positioning Dogecoin as a closely watched asset for short-term traders seeking a breakout opportunity.