Dogecoin price rejects from resistance at $0.30, but will support at $0.24 hold?
The post Dogecoin price rejects from resistance at $0.30, but will support at $0.24 hold? appeared on BitcoinEthereumNews.com. Dogecoin’s price has rejected resistance near $0.30, triggering a corrective move back below the value area low. Despite this pullback, market structure remains bullish, with higher lows forming and strong confluence at support. Summary $0.30 Resistance: Liquidity sweep led to rejection and correction. Support Zone: POC, VWAP, and 0.618 Fibonacci align at $0.27. Bullish Trend: Higher lows intact; structure favors continuation toward upside. Dogecoin’s (DOGE) recent price action has highlighted the significance of the $0.30 level, where heavy resistance stalled bullish momentum. After briefly sweeping liquidity above the swing high, the price corrected lower, moving back below the value area low. The launch of the Dogecoin ETF has been delayed again, disappointing the crypto community. While this might appear bearish at first glance, the overall market structure still favors the bulls. Consecutive higher lows remain intact, and confluence around key support levels suggests the correction is a natural part of Dogecoin’s bullish cycle. Dogecoin price key technical points $0.30 Resistance: Strong rejection occurred after liquidity sweep above the swing high. Support Confluence: Point of control (POC), VWAP, and 0.618 Fibonacci create a high-volume support region. Bullish Structure: Higher lows continue to hold, framing the correction as part of a bullish trend. DOGE/USDT (1D) Chart, Source: TradingView Dogecoin’s rejection at $0.30 followed a liquidity event, with sellers overwhelming buyers at a significant resistance level. This caused the price to retrace below the value area low, a move that historically aligns with corrective phases. However, from a market-structure standpoint, the retracement is not alarming. Support at $0.20, combined with the ETF boost, could trigger a breakout, with momentum potentially driving the price toward the $0.30 resistance zone. The broader trend of higher lows remains intact, and corrections of this scale are common following tests of value area highs. The point of control sits in direct confluence with both…
The post Dogecoin price rejects from resistance at $0.30, but will support at $0.24 hold? appeared on BitcoinEthereumNews.com.
Dogecoin’s price has rejected resistance near $0.30, triggering a corrective move back below the value area low. Despite this pullback, market structure remains bullish, with higher lows forming and strong confluence at support. Summary $0.30 Resistance: Liquidity sweep led to rejection and correction. Support Zone: POC, VWAP, and 0.618 Fibonacci align at $0.27. Bullish Trend: Higher lows intact; structure favors continuation toward upside. Dogecoin’s (DOGE) recent price action has highlighted the significance of the $0.30 level, where heavy resistance stalled bullish momentum. After briefly sweeping liquidity above the swing high, the price corrected lower, moving back below the value area low. The launch of the Dogecoin ETF has been delayed again, disappointing the crypto community. While this might appear bearish at first glance, the overall market structure still favors the bulls. Consecutive higher lows remain intact, and confluence around key support levels suggests the correction is a natural part of Dogecoin’s bullish cycle. Dogecoin price key technical points $0.30 Resistance: Strong rejection occurred after liquidity sweep above the swing high. Support Confluence: Point of control (POC), VWAP, and 0.618 Fibonacci create a high-volume support region. Bullish Structure: Higher lows continue to hold, framing the correction as part of a bullish trend. DOGE/USDT (1D) Chart, Source: TradingView Dogecoin’s rejection at $0.30 followed a liquidity event, with sellers overwhelming buyers at a significant resistance level. This caused the price to retrace below the value area low, a move that historically aligns with corrective phases. However, from a market-structure standpoint, the retracement is not alarming. Support at $0.20, combined with the ETF boost, could trigger a breakout, with momentum potentially driving the price toward the $0.30 resistance zone. The broader trend of higher lows remains intact, and corrections of this scale are common following tests of value area highs. The point of control sits in direct confluence with both…
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