Dogecoin (DOGE) is experiencing a period of consolidation near key support levels, prompting speculation about a potential rally or breakdown in the near future.
The daily chart indicates that DOGE has been trading sideways with a slight uptick in Relative Strength Index (RSI), suggesting a possible attempt to regain bullish momentum.
Key support levels for DOGE are identified at $0.15–$0.16, with further supports at $0.13 and $0.10. To rally, DOGE needs to surpass immediate resistance at $0.17 towards the swing high at $0.23.
Traders are advised to monitor the RSI trend, Heikin Ashi candle patterns, and volume spikes, as any significant news or social buzz could influence DOGE's price movement.