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Dogecoin returns to key support zone but momentum remains weak under resistance.

Technical Signals
08 Jun 2026
Coinpaper
View Source
Neutral
pluang ai news

Dogecoin (DOGE) has re-entered a historical accumulation zone near a long-term support trendline, an area that previously marked consolidation before significant price moves. Despite holding this key support, DOGE faces weak momentum, trading below descending resistance and major moving averages, with repeated failures to break higher. The market is at a critical point where maintaining support could lead to stabilization, but a break lower might push DOGE to test deeper support levels. Investors are watching for a breakout above resistance to confirm renewed buying strength and potential upward targets around $0.24, $0.30, and $0.38.

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