Category: Crypto News, News
DOGE Consolidates Below $0.14 as Analysts Track Historical Rally Cycles
Near-term charts showed a more mixed picture. A separate 4-hour TradingView visual showed DOGE near $0.137, with choppy swings and lighter volume into mid-December. Price moved toward $0.15 and then area, according to the same snapshot.
Reports also noted intermittent volume spikes instead of steady inflows. The pattern matched a sideways range below local resistance. Another chart shared by analyst Ali Martinez described a triangle formation and marked $0.14 as key resistance. The analyst stated that a break above that area could open a path toward $0.21, based on the pattern.
Trader Tardigrade also shared a and set a $0.6 target. While spot price stayed under pressure, some data points suggested growing derivatives activity.
CoinGlass figures showed Dogecoin futures open interest rising nearly 7% to around $1.5 billion. Traders often watch open interest for clues about positioning, though it does not confirm direction on its own.
Other metrics showed weaker participation in the spot market. The same coverage cited a 24-hour volume drop of more than 41% to about $696 million, even as prices recovered about 3.5% to near $0.14. It also reported a 30-day decline near 19% and a recent trading range between $0.1657 and $0.1324. The Relative Strength Index sat near 42, which typically signals neutral momentum.
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