2 hours ago
1
Key Takeaways
- Dogecoin trading sideways since February.
- February sell-off likely marked the cycle bottom at $0.087.
- Key resistance: between $0.10 and $0.105
- Key support: $0.088, the lowest point since 2024.
- Iran–US ceasefire talks the key macro catalyst to watch.
Sideways Since February
Looking at the daily chart over the past three months, Dogecoin has been grinding sideways in a tight range, unable to establish a clear directional trend. Despite posting gains of 4.7% on the day and 6% on the week, the broader picture since February remains one of consolidation, price moving within the same range without a clear breakout in either direction.
What makes this consolidation particularly significant is where it is happening, at the lowest price levels since September 2024, which raises the question of whether this is a cycle bottom forming or simply a pause before further downside.
English (US)