- After breaking down the trendline, Dogecoin was above the support zone of $0.1476 and experienced a 4.6% weekly gain.
- The price was trading in a tight range of $0.1476-$0.1499 implying the squashed volatility on the three-day chart.
- The current rebound structure aligned with earlier breakdown-to-pump patterns previously observed on long-term Dogecoin charts.
Dogecoin was fluctuating around its support area as the market responded to the recent pattern of market breakdown in the three-day chart. The asset was trading at $0.1491, a 4.6 percent weekly gain, but it was trading within a tight range throughout the session.
This development came as price movements aligned with a structure that previously preceded sharp expansions. Notably, the chart showed a clear touch of the rising trendline before a rebound attempt emerged. This behavior set the stage for renewed interest as traders monitored the asset’s immediate reaction around its lower threshold.
Support Test and Breakdown Behavior
The market observed a retest of $0.1476, which acted as the defining support in recent days. This level remained important because price movements repeatedly returned to it after brief recoveries. However, the chart also displayed a distinct slide beneath the long-term trendline.
That move aligned with earlier breakdown zones marked on the three-day chart. These areas previously led to sharp recoveries, and the market now tracked similarities between past and present structures. This connection guided attention toward how the current pattern developed around the support floor.
Narrow Range and Emerging Pump Formation
The 24-hour range remained tight as Dogecoin traded between support and $0.1499 resistance. This narrow structure kept volatility compressed while highlighting the developing rebound attempt. Moreover, the chart displayed a blue zone where earlier breakdowns transitioned into rapid expansions. The present setup mirrored that region, although traders continued to rely on concrete chart levels instead of assumptions. Each candle within this zone showed gradual upward movement, which linked back to earlier pump formations documented on the longer timeline.
Resistance and Upward Extension Attempts
Price activity then pressed toward the $0.1499 resistance level. This movement followed a sequence of higher intraday lows that built on the support interaction. However, the chart emphasized the importance of this upper boundary, as previous pumps also began once candles closed decisively above it. The steep extension shown on the visual chart illustrated how prior rebounds accelerated after breaching similar resistance points. This context kept attention on the ongoing structure and its alignment with documented historical behavior.
