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

What to Know DOGE traded within a narrow $0.010 range between $0.234 and $0.244 during the 24-hour session from July 27 at 03:00 to July 28 at 02:00, marking a 4.12% intraday spread. The token opened at $0.238 and closed marginally higher at $0.239 after testing both support and resistance zones multiple times throughout the day. Key volume surges at 08:00, 15:00, and 16:00 indicated persistent buying pressure, but sellers defended the $0.241–$0.244 resistance band. DOGE remains in consolidation with momentum building beneath the upper boundary. News Background • DOGE traded in a $0.010 range with notable reversals at $0.235 and rejections near $0.244 • Volume surged well above the 24-hour average of 291.8M, peaking at 718.4M during the 16:00 breakout attempt • Final-hour selloff from $0.240 to $0.238 confirmed emerging resistance and a short-term bearish reversal • Despite late pressure, the $0.238 support level held on multiple retests, suggesting accumulation at lower levels Price Action Summary DOGE printed a modest 0.42% gain on the day, recovering slightly from earlier declines but failing to establish a higher high. The $0.235–$0.238 support zone was tested successfully three times, forming the lower end of the consolidation band. Bulls attempted to break out during the 16:00 rally but were rejected at $0.241, leaving the price to settle just below resistance. Final-hour trading saw a 0.83% pullback on elevated volume, closing at $0.239. Technical Analysis • Trading range of $0.010 (4.12%) from $0.234 to $0.244 • Major support confirmed at $0.235 and $0.238 after multiple volume-backed reversals • Resistance holds firm at $0.241–$0.244 zone, limiting upside breakout attempts • 718.4M volume during 16:00 hour marks highest single-hour trading in session • Final hour shows bearish rejection from $0.240 to $0.238 with volume spike over 6M • Consolidation structure remains intact with a likely breakout setup forming What Traders Are Watching • Whether DOGE can hold the $0.238 support in early Asia or U.S. trading • Break above $0.244 could trigger upside momentum toward $0.25+ • Breakdown below $0.234 support could invite renewed short pressure • Volume confirmation will be key to validate the next directional move.

Source: CoinDesk