Dogecoin Consolidates After Recent Rejection, But $0.32 Retest Looks Inevitable

Dogecoin is cooling off after its recent rejection near $0.307, with price action now consolidating between $0.220 and $0.240. Despite the pullback, bullish momentum remains intact, and market signals suggest a retest of the $0.32 level could be only a matter of ￰0￱ Support Validated, Bulls Eye $0.32 Retest Master Kenobi, in a fresh DOGE chart update, pointed out that the red dashed line has once again acted as a strong support ￰1￱ confirmation aligns with the point earlier highlighted by the yellow arrow, showing that the level was accurately identified as a realistic and critical zone for price ￰2￱ Reading: Analyst Says Dogecoin’s Parabolic Run Is Inevitable – Historical Pattern Point To Another Breakout According to his analysis, this support has provided DOGE with the foundation needed to sustain its bullish ￰3￱ the current momentum, the price now looks set to make another attempt at retesting the $0.32 level, a key resistance zone that could dictate the next major move for the ￰4￱ emphasized that the outlook remains promising so long as no unexpected global events disrupt the wider market ￰5￱ disruptions could temporarily derail the bullish setup, but under normal market conditions, DOGE is maintaining the strength required to continue pushing ￰6￱ ahead, he suggested that if momentum holds, the all-time high marked by the yellow line and red rectangle on the chart could be reached far sooner than many ￰7￱ fact, Kenobi believes the ATH may arrive in less than 30 days, provided the support levels continue to hold and bullish sentiment strengthens ￰8￱ suggests a very aggressive timeline for the bullish ￰9￱ Signals Preparation For Next Major Move According to the latest update from BitGuru, Dogecoin staged a strong rally earlier, making an impressive bullish run toward the $0.307 ￰10￱ sharp upward move drew significant attention from traders and investors, but the rally was short-lived as DOGE faced heavy resistance at that zone, leading to a swift rejection and halting further ￰11￱ Reading: Crypto Analyst Tells Dogecoin Investors To Stay Sharp Amid Historical Bullish Setup Following the rejection, Dogecoin has slipped into a consolidation phase, with price action now largely moving between the $0.220 and $0.240 ￰12￱ sideways trading suggests that the market is in a state of balance, where buyers and sellers are evenly matched, waiting for fresh catalysts to drive the next significant move.

Currently, the market is attempting a pullback, testing the strength of nearby support ￰13￱ the consolidation breaks upward, DOGE could retest the $0.307 zone and aim higher. However, failure to sustain momentum may drag the price lower, possibly challenging deeper supports below $0.220. Featured image from Getty Images, chart from ￰14￱