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Volume Surge Fails to Breach Resistance as DOGE Closes Flat at 23-Cents
Dogecoin posts a tight trading range amid heavy volume and final-hour selling pressure, signaling a potential breakout setup.
Jul 28, 2025, 6:26 a.m.
What to know:
- DOGE traded in a narrow range between $0.234 and $0.244, with a 4.12% intraday spread.
- Key volume surges indicated buying pressure, but resistance held firm at $0.241–$0.244.
- Despite a final-hour selloff, the $0.238 support level was successfully tested multiple times.
What to Know
DOGE traded within a narrow $0.010 range between $0.234 and $0.244 during the 24-hour session from July 27 at 03:00 to July 28 at 02:00, marking a 4.12% intraday spread.
The token opened at $0.238 and closed marginally higher at $0.239 after testing both support and resistance zones multiple times throughout the day.
STORY CONTINUES BELOW
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Key volume surges at 08:00, 15:00, and 16:00 indicated persistent buying pressure, but sellers defended the $0.241–$0.244 resistance band. DOGE remains in consolidation with momentum building beneath the upper boundary.
News Background
• DOGE traded in a $0.010 range with notable reversals at $0.235 and rejections near $0.244
• Volume surged well above the 24-hour average of 291.8M, peaking at 718.4M during the 16:00 breakout attempt
• Final-hour selloff from $0.240 to $0.238 confirmed emerging resistance and a short-term bearish reversal
• Despite late pressure, the $0.238 support level held on multiple retests, suggesting accumulation at lower levels
Price Action Summary
DOGE printed a modest 0.42% gain on the day, recovering slightly from earlier declines but failing to establish a higher high.
The $0.235–$0.238 support zone was tested successfully three times, forming the lower end of the consolidation band.
Bulls attempted to break out during the 16:00 rally but were rejected at $0.241, leaving the price to settle just below resistance. Final-hour trading saw a 0.83% pullback on elevated volume, closing at $0.239.
Technical Analysis
• Trading range of $0.010 (4.12%) from $0.234 to $0.244
• Major support confirmed at $0.235 and $0.238 after multiple volume-backed reversals
• Resistance holds firm at $0.241–$0.244 zone, limiting upside breakout attempts
• 718.4M volume during 16:00 hour marks highest single-hour trading in session
• Final hour shows bearish rejection from $0.240 to $0.238 with volume spike over 6M
• Consolidation structure remains intact with a likely breakout setup forming
What Traders Are Watching
• Whether DOGE can hold the $0.238 support in early Asia or U.S. trading
• Break above $0.244 could trigger upside momentum toward $0.25+
• Breakdown below $0.234 support could invite renewed short pressure
• Volume confirmation will be key to validate the next directional move.
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