TLDR:

DOGE dipped 6.78% after rallying 63%, testing the key $0.260–$0.265 support zone.
Breakdown below $0.260 could trigger a drop toward the $0.21389 breakout zone.
Analysts still eye $0.38–$0.40 if the broader bullish structure remains intact.
Meme coin flows rise again, with DOGE in focus for possible $1 long-term targets.

Dogecoin’s recent rally is now showing signs of cooling down. After climbing from $0.17587 to $0.28667, the price has started retracing. 

Traders are watching the $0.260 to $0.265 support area closely. A breakdown here could flip the market structure short-term. Still, the broader trend remains bullish unless that support gives way.

DOGE Rally Slows After Sharp Move Up

Dogecoin surged nearly 63% in just days, pushing through multiple resistance levels. Price moved in strong waves, printing higher highs and higher lows. That momentum is now under pressure.

$DOGE Pullback Watch #Dogecoin rallied from $0.17587 to a high of $0.28667, forming strong bullish waves with key levels at $0.21389.

Now, the market is showing signs of a potential pullback. If bulls defend the $0.260–$0.265 zone. pic.twitter.com/byyj7oY1Kl

— BitGuru (@bitgu_ru) July 23, 2025

BitGuru noted in a post that DOGE might be heading into a pullback phase. His chart marked the $0.260 to $0.265 region as the key support to hold. That zone has acted as a base after each small retracement during the recent climb.

The price has since slipped to around $0.2481, based on CoinGecko data. That’s a 6.78% dip in the past 24 hours. However, it still shows a 21.87% gain over the last week.

Dogecoin price on CoinGecko

If $0.260 fails to hold, the next target may lie around $0.21389. That level previously acted as a major breakout zone during the earlier leg up. A deeper pullback could reset bullish momentum and trigger profit-taking from recent entrants.

Analysts Still See Upside Targets Ahead

Despite the current drop, some analysts still view the structure as bullish. Cipher X said DOGE reclaimed a fair value gap in the $0.20 to $0.22 range. As long as that area holds, he expects price continuation. He mentioned $0.38 to $0.40 as the next major take-profit zone.

Above that, the main liquidity target sits near $0.48 to $0.50. That area lines up with historical highs, where DOGE often faces heavy selling pressure. It’s also where a lot of buy-side liquidity remains stacked.

$DOGE BULLISH

After sweeping the lower FVG price reclaimed support and is now pushing up aggressively

→ Currently holding above the mid range FVG around $0.20–$0.22

→ First major TP zone is $0.38–$0.40

→ Main liquidity target sits at $0.48–$0.50 Buyside Liquidity

As… pic.twitter.com/aJapctrzgs

— Cipher X (@Cipher2X) July 23, 2025

Crypto General pointed out that meme coins are catching flows again, with DOGE showing strong breakouts. He highlighted the strength coming from capital rotation into tokens tied to Ethereum and Solana.

He mentioned entering longs at current levels and sees $1 as a long-term target. That would place DOGE’s market cap around $120 billion. While that’s speculative, the short-term picture still hinges on whether $0.260 holds.

The next few sessions could determine if the bulls have enough fuel left, or if bears take the reins.

 

The post DOGE Bulls on Edge as Price Slides Below $0.26: Is a Deeper Pullback Coming? appeared first on Blockonomi.

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Filed under: Bitcoin - @ July 23, 2025 4:15 pm