Volume Surge Fails to Breach Resistance as DOGE Closes Flat at 23-Cents

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What to Know

DOGE traded inside a slim $0.010 vary between $0.234 and $0.244 in the course of the 24-hour session from July 27 at 03:00 to July 28 at 02:00, marking a 4.12% intraday unfold.

The token opened at $0.238 and closed marginally increased at $0.239 after testing each assist and resistance zones a number of occasions all through the day.

Key quantity surges at 08:00, 15:00, and 16:00 indicated persistent shopping for strain, however sellers defended the $0.241–$0.244 resistance band. DOGE stays in consolidation with momentum constructing beneath the higher boundary.

News Background

• DOGE traded in a $0.010 vary with notable reversals at $0.235 and rejections close to $0.244
• Volume surged effectively above the 24-hour common of 291.8M, peaking at 718.4M in the course of the 16:00 breakout try
• Final-hour selloff from $0.240 to $0.238 confirmed rising resistance and a short-term bearish reversal
• Despite late strain, the $0.238 assist stage held on a number of retests, suggesting accumulation at decrease ranges

Price Action Summary

DOGE printed a modest 0.42% achieve on the day, recovering barely from earlier declines however failing to set up a better excessive.

The $0.235–$0.238 assist zone was examined efficiently 3 times, forming the decrease finish of the consolidation band.

Bulls tried to escape in the course of the 16:00 rally however have been rejected at $0.241, leaving the worth to settle slightly below resistance. Final-hour buying and selling noticed a 0.83% pullback on elevated quantity, closing at $0.239.

Technical Analysis

• Trading vary of $0.010 (4.12%) from $0.234 to $0.244
• Major assist confirmed at $0.235 and $0.238 after a number of volume-backed reversals
• Resistance holds agency at $0.241–$0.244 zone, limiting upside breakout makes an attempt
• 718.4M quantity throughout 16:00 hour marks highest single-hour buying and selling in session
• Final hour reveals bearish rejection from $0.240 to $0.238 with quantity spike over 6M
• Consolidation construction stays intact with a possible breakout setup forming

What Traders Are Watching

• Whether DOGE can maintain the $0.238 assist in early Asia or U.S. buying and selling
• Break above $0.244 may set off upside momentum towards $0.25+
• Breakdown under $0.234 assist may invite renewed brief strain
• Volume affirmation shall be key to validate the subsequent directional transfer.

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