$DOGE Dogecoin (DOGE) is currently trading in a sideways range, showing signs of consolidation after its recent move.
The price is holding above a key support zone, which suggests buyers are still active at lower levels.
DOGE is trading near its short-term moving averages, indicating neutral market momentum.
The Relative Strength Index (RSI) remains close to the mid-range, showing neither overbought nor oversold conditions.
Volume has slightly decreased, which often happens before a breakout or breakdown.
If DOGE breaks above its resistance level, a short-term bullish move could follow.
However, failure to hold support may lead to a retest of lower price levels.
Overall trend remains cautious but stable in the short term.
Traders should watch for a clear direction with strong volume confirmation.
Market sentiment around Dogecoin remains highly influenced by social and broader crypto trends.
