Dogecoin (DOGE) Bulls Cool Off As Remittix (RTX) Captures Market Buzz With 5880% ROI Forecast

Dogecoin bulls appear to be taking a breather after a recent period of upward momentum. While the Dogecoin price briefly surpassed $0.20, it has since settled into the $0.18–$0.19 range. Although derivatives volume remains robust, the overall momentum seems to be waning.

Source: TradingView

On longer timeframes, key indicators such as the MACD and RSI continue to exhibit positive signals. However, the resistance level at $0.20–$0.21 is proving to be a significant hurdle.

Recent Dogecoin news suggests a stalled rally, with bulls struggling to maintain control below the $0.20 mark. Analysts emphasize the critical importance of the support level around $0.18–$0.19.

Can DOGE Still Rally?

Traders believe that a resurgence is possible if DOGE can reclaim the $0.20 level with substantial volume. Conversely, a drop below $0.18 could lead to further declines towards $0.16 or even $0.17. Despite this, some analysts remain optimistic, suggesting that DOGE could soon reach $0.22. However, the longer-term price prediction remains generally positive. As the Dogecoin price remains range-bound, attention is shifting to tokens with clearer, functional appeal.