Dogecoin (DOGE) Price in No-Trade Zone as Crypto VIP Reveals Support and Resistance Levels

Crypto analyst Crypto VIP has revealed that the Dogecoin price is in a no-trade zone. His analysis also revealed the major support and resistance levels to watch out for

Crypto analyst Crypto VIP has revealed that the Dogecoin [dogecoin price today] price is in a no-trade zone. His analysis also revealed the major support and resistance levels to keep an eye on as the foremost meme coin continues to trade sideways.

Crypto VIP took to X to point out that the Dogecoin price is currently in a no-trade zone. After a downtrend, DOGE is now trading within a range, and a break out of this range will determine the next movement. As such, it is better to wait for a break above the resistance area or a retest of the support area before making any new entries.

The analyst mentioned $0.143 to $0.149 as the support area to watch out for and $0.176 to $0.187 as the resistance areas to keep an eye on. His accompanying chart showed that DOGE could face another major resistance between $0.23 and $0.24 if it breaks out from the $0.187 resistance.

Dogecoin price analysis: analysts identify key support, resistance levels and chart patterns to watch

Another crypto analyst, Ali Martinez, seems more confident that the Dogecoin price will break out to the upside. In an X post, he asserted that the meme coin "will" break out. Martinez remarked that a close outside $0.16 to $0.18 could trigger a 16% price move. His accompanying chart showed that DOGE could reclaim the psychological $0.20 price level in the process.

Crypto analyst Master Kenobi stated that these days might be the last time that market participants see the Dogecoin price under $0.18, suggesting that a bullish reversal was on the horizon. His accompanying chart showed that the foremost meme coin would still rally to as high as $0.8, which would mark a new all-time high (ATH) for DOGE. The analyst also recently predicted that Dogecoin could hit $1 by June.

As the cryptocurrency market continues to experience volatility, staying informed about the latest predictions and technical analysis can be crucial for making sound investment decisions.