Dogecoin is currently trading between $0.21 and $0.26, facing resistance around $0.25 which could lead to a potential price drop to $0.21.
Technical analysis suggests Dogecoin might experience a shakeout towards $0.21 before making a bullish move towards $0.4.
Resistance zone between $0.24 to $0.25 is hindering Dogecoin's rally, with $0.25 acting as a key barrier that needs to be surpassed.
At the moment, Dogecoin is trading at $0.2279, showing a 2% increase in the past 24 hours. A successful breakout could lead to a significant 85% gain up to $0.40.