The post Will the $0.29 Resistance Crumble? appeared on BitcoinEthereumNews.com.

DOGE is currently trading near the $0.24 mark.  A breakout above $0.29 could trigger a move to $0.50. Following a series of plunges in the broader crypto market, the assets are charted in both red and green. Meanwhile, the meme coin market cap is currently staying at around $80.3 billion, after a brief dip in the last 24 hours. Among the meme coins, the dog-themed DOGE has registered a drop of over 2.19%.  In the morning hours, the meme coin traded at a high of $0.2485. With the bearish pressure, DOGE has slipped back to a low of $0.237. At the time of writing, it trades at around $0.2406, with its daily trading volume decreased by over 19.75%, reaching $3.28 billion. Besides, the DOGE market has seen a liquidation of $8.68 million as per Coinglass data.  DOGE price chart (Source: CMC) A Dogecoin chart reveals the key resistance and support levels. If it breaks above $0.29, it could open the door for a strong bullish move toward $0.50, as there is limited resistance in between. If it fails to break $0.29, DOGE may pull back to the support levels around $0.22 or even $0.19.   Is a Change in Direction Brewing for DOGE? The Moving Average Convergence Divergence (MACD) line is positioned just below the signal line, showing that the bearish momentum is slightly stronger. If the gap widens, it could confirm a stronger downtrend. If it hovers close, the market may flip bullish with a crossover. DOGE’s Chaikin Money Flow (CMF) indicator at 0.08 implies a moderate buying pressure in the market, with the money flowing into the asset.  Moreover, the meme coin’s daily Relative Strength Index (RSI) found at 64.77 suggests it is in bullish territory. If it keeps climbing above 70, the asset will enter the overbought territory.…

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Filed under: News - @ September 10, 2025 8:33 pm