DOGE Price Drops 5.75% but $0.20 Target Remains Within Reach

Dogecoin (DOGE) is facing increased bearish pressure at the start of the weekend, with its price down 5.75% over the past 24 hours, according to CoinStats. Despite the decline, DOGE briefly approached the key resistance level of $0.1945, suggesting that buyers are still active.

If bullish momentum resumes and breaks above this resistance, DOGE could climb toward the psychologically important $0.20 level. However, traders should remain cautious, especially if today’s candle closes far from the previous low. A false breakout could trigger a rebound, pushing the price toward the $0.20–$0.21 range in the short term.

From a broader technical perspective, the weekly chart shows no clear reversal signals yet. If the weekly candle closes below the $0.20 support level, the current correction may extend further, with the next major support lying near $0.16.

As of writing, DOGE is trading at $0.1912. Market participants are watching closely to see whether bulls can regain control and confirm an upward breakout or if further downside is likely.

For now, key price levels to watch include the $0.1945 resistance and $0.20 support zone. A sustained break above either could set the tone for the next major move.