DOGE Price Rebounds 3.4% to $0.19 as Bulls Test Resistance After Mid-Week Selloff
The post DOGE Price Rebounds 3. 4% to $0. 19 as Bulls Test Resistance After Mid-Week Selloff appeared com. Timothy Morano Oct 31, 2025 18: 50 Dogecoin recovers from Tuesday’s 3% decline with modest gains to $0. 19, testing key technical resistance as traders assess next directional move amid broader crypto volatility. Quick Take • DOGE trading at $0. 19 (up 3. 4% in 24h) • Recovery from Tuesday’s 3% selloff driven by Bitcoin correlation weakness • Testing immediate resistance at $0. 20 level amid neutral RSI conditions • Broader crypto market stabilization supporting modest bounce Market Events Driving Dogecoin Price Movement Dogecoin price action over the past week has been primarily driven by broader market dynamics rather than token-specific catalysts. The most significant price movement occurred on October 29, when DOGE declined 3% alongside Bitcoin’s retreat, reflecting the high correlation between major cryptocurrencies during periods of market stress. Trading on technical factors in the absence of major catalysts, Dogecoin has shown resilience in recovering from Tuesday’s lows. The recent Dogecoin technical analysis suggests the meme coin is caught between competing forces, with analysts noting potential for either a breakout toward $0. 24 or a retest of $0. 21 support levels depending on Bitcoin’s directional bias. The lack of significant news events specific to Dogecoin has left traders focused on chart patterns and correlation trades, with institutional volume on Binance spot markets remaining moderate at $173. 7 million over the past 24 hours. DOGE Technical Analysis: Neutral Consolidation Pattern Price Action Context DOGE price currently trades below its key moving averages, with the token sitting 15% below the 50-day SMA at $0. 23. The current price of $0. 19 aligns exactly with both the 7-day SMA and 12-period EMA, suggesting short-term equilibrium. Notably, Dogecoin is trading 10% below its 200-day moving average at $0. 21, indicating the longer-term trend remains challenged. Volume patterns show steady institutional interest without dramatic spikes, suggesting consolidation.