Dogecoin Price Prediction Today: Is DOGE Ready to Rise?

Dogecoin (DOGE) is currently trading around $0.2278, consolidating just below a key resistance level after a recent bounce. On both the daily chart and hourly chart, the price of DOGE has shown bullish signs — but there is also clear hesitation. The chart indicates that buyers are defending important support zones, but still struggling to break through the clearly defined resistance level. Dogecoin price prediction: Can DOGE break the resistance level at $0.233?

On the daily chart, the price of Dogecoin has moved within a tight channel after a strong bullish surge earlier this month pushed the price above $0.26, followed by a pullback. Currently, DOGE is trading between the 50-day SMA (0.193 and the 200-day SMA )0.269. This zone has become a battleground. The 20-day moving average is $0.208, and the price of DOGE is comfortably above this level. Historically, when DOGE holds above the SMA 20, it tends to make another advance. The last breakout from this level ( on the 9th of 5) took DOGE from $0.19 to $0.29 — a bullish move of over 52%. If the price of Dogecoin can close above $0.2335, this could signal a short-term breakout with the potential to rise to $0.25 and if the bullish momentum is maintained, it could even return to the level of $0.265. What does the hourly chart tell us?

The hourly chart shows a recent rejection from $0.2301, a level that has been tested multiple times in the past 24 hours. The pullback to $0.2266 is currently near a cluster of short-term moving averages from (SMA 20 to 100) around $0.223 to $0.225, forming a support zone. This zone is very important. A break below could bring the price of DOGE back to the next hourly support level at $0.2218, followed by $0.2175. However, if this support level holds and DOGE bounces with volume, it could retest the $0.230 level and potentially break this level—forming a bullish continuation pattern. Is the momentum forming or weakening? The price action of Dogecoin is narrowing within support and resistance levels, creating a symmetrical triangle setup on the hourly chart. Typically, this pattern precedes a breakout. To calculate the potential move: Height of the triangle: High: $0.230Low: $0.217Height: $0.013 Breakthrough target = $0.230 + $0.013 = $0.243 This sets a short-term target of $0.243 if DOGE can rise. On the other hand, if it drops below $0.217, DOGE could drop to $0.208 or even $0.198. What is the price prediction for Dogecoin this week? If the price of DOGE maintains above $0.225 and breaks through $0.233, we could see a rapid bullish move towards the zone of $0.243-$0.25. This also aligns with the new altcoin sentiment as BTC dominance has slightly decreased. However, if it cannot maintain the level of $0.221, the price may start a bearish trend down to $0.208, the 20-day SMA, and is an important structural support. Short-term outlook: Bullish above: $0.233Bearish below: $0.221Short-term target: $0.243Mid-term cap: $0.265 (SMA 200)Strong support: $0.208, $0.198 Final thought: Should you buy DOGE? The price of Dogecoin is currently in a decisive zone. With increasing volume, moving average support, and a bullish triangle forming, the likelihood of a breakout seems slightly higher — but confirmation is key. Watch for a clean close above $0.233 with volume. If that happens, DOGE may just be gearing up for a strong bullish move. If you are already in a position, tightening the stop loss below $0.221 is wise. If you are looking to enter, wait for the breakout and confirmation — Dogecoin does not forgive late entries when the momentum declines.