Dogecoin price fails to clear $0.20 volume wall, correction may follow

Dogecoin price struggles to reclaim the $0.20 volume resistance, signaling that a short-term correction may unfold if the price fails to close above this key level.

Dogecoin (DOGE) price is showing signs of exhaustion after failing to reclaim the critical $0.20 volume resistance zone. The area has acted as a strong rejection point multiple times, as the price continues to struggle against heavy order blocks and volume-based barriers.

Meanwhile, Dogecoin’s corporate arm is pursuing a Nasdaq listing via reverse merger, leveraging its Dogecoin treasury and $50 million in capital to expand into a regulated financial platform.

Dogecoin price key technical points

• Volume Resistance: The $0.20 region aligns with the Point of Control and the 0.5–0.618 Fibonacci retracement level.
• Order Block Confluence: Multiple historical sell zones are stacked within this area, reinforcing its strength as resistance.
• Potential Pullback Zone: Failure to close above $0.20 could lead to a retest of the $0.15 support region before any renewed rally.

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From a structural perspective, Dogecoin’s price action remains capped by the $0.20 resistance region, where multiple confluences have formed. This zone combines significant volume resistance, prior order blocks, and the Point of Control, a key level where the most trading activity has occurred in recent sessions. Together, these factors have created a dense liquidity cluster that continues to absorb buying pressure.

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Despite several intraday attempts, DOGE has failed to close decisively above this level, suggesting that bullish momentum remains weak. The rejection at the $0.20 mark indicates that sellers are still active, using this zone as an exit point for short-term profit-taking. Unless a clear breakout occurs with strong bullish volume, a corrective move lower remains the more probable outcome.

A rotation toward the $0.15 support zone would provide an opportunity for the market to establish a new higher low, potentially setting up a stronger base for a future rally. This region is also aligned with a previous accumulation area, where price action has historically shown strong buying interest.

If the price revisits this level and volume inflows reappear, it could serve as a bullish retest before another attempt to break through the $0.20 barrier.

What to expect in the coming price action

As long as Dogecoin remains below $0.20, the market leans toward a short-term bearish bias. A rejection here could drive price action toward $0.15 for a technical retest before any bullish reversal. However, if DOGE manages to close above $0.20 on a daily basis with rising volume, a continuation rally toward $0.23–$0.25 becomes increasingly likely.

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