Dogecoin Faces Pressure Below $0.24 with $0.19 Support in Focus

• Dogecoin trades under $0.24 resistance, keeping sellers in control toward $0.215 and $0.19.
  
• Ali stresses $0.24 must be reclaimed for a shift toward $0.28–$0.30.
  
• Crypto Bull supports the view, warning failure at $0.22 could drag DOGE into lower demand zones.

Dogecoin is not able to regain the $0.24 pivot point, and the analysts are warning of a possible downward trend to $0.19 unless buyers intervene. The moving market is in a dismal state as it trades within important technical levels.

Market Structure and Resistance at $0.24

Dogecoin has shifted into a corrective phase after topping near $0.31. The 4-hour structure now reflects lower highs and lower lows, showing short-term weakness. The most decisive area is $0.24, a level that previously acted as support and now acts as resistance.

Ali (@ali_charts) explained that DOGE must reclaim this pivot to change momentum. Without a recovery above $0.24, sellers retain control of the trend. The recent rejection around this level confirms its role as a barrier to upside continuation.

In case price closes strongly above $0.24, then resistance areas are considered next at 0.26 and 0.28. To that point, the general perspective is still biased towards prudence.

Immediate Support Zones to Monitor

The band between $0.215 and $0.22 remains the first area of support. Ali emphasized this zone as the level where buyers might attempt to defend short-term structure. A clean breakdown here would confirm further downside pressure.

If that occurs, the market is likely to test the $0.19 support region. This level represents the next major accumulation area and aligns with the chart’s projected path in case of continued weakness.

Volume trends reinforce this risk. Despite active trading, buying strength is not sufficient to overcome resistance, keeping sellers in a favorable position.

Supporting Views on Downside Risk

Adding weight to Ali’s perspective, Marcus Corvinus (@CryptoBull009) observed that Dogecoin is sitting at a make-or-break zone. He noted that while buyers are attempting to defend the $0.23 area, failure to hold above $0.22 could extend the drop toward lower demand zones.

This aligns with Ali’s $0.19 target as the logical support if $0.215 breaks. Both analysts agree that the inability to flip $0.24 back into support would keep downward pressure in play.

As of writing time, Dogecoin trades at $0.2254, recording a 24-hour volume of $1,129,947,536. The token is down 2.16% over the past 24 hours and 15.18% across the past week, reflecting weakened sentiment.