- Dogecoin ($DOGE) trades at $0.1838, hovering near key support at $0.18077 after minor daily gains of 0.10%.
- Short-term chart shows descending price action; a break below $0.18077 could push DOGE toward $0.17303.
- Trading volume hit $829.38M, with a 3.01% volume-to-market cap ratio, indicating moderate market participation.
Dogecoin (DOGE) has shown limited upward momentum in recent hours, with its price hovering around $0.1838. Based on the 15-minute chart shared on June 9, 2025, DOGE remains within a narrow consolidation zone, trapped between local resistance at $0.18721 and support at $0.1845. Though up just 0.10% in the past 24 hours, price action suggests a possible downside move could be imminent if the current support fails to hold.
Market Volume and Structure Highlight Tight Trading Range
The market cap of DOGE at the time of writing is about $27.5 billion, placing it at number 8 in the cryptocurrency ranking. Daily trading saw volumes of $829.38 million, with a share of 3.01% in the overall market cap.
This ratio signals moderate trading activity. On the 15-minute timeframe, the asset has formed a descending pattern within a marked red zone, as highlighted in the chart. Price movement inside this box has been reactive, and any further decline may trigger a sharper retracement toward the lower support level at $0.17303.
DOGE Tests Key Support as Sellers Regain Control
The structure observed in the recent chart shows repeated rejections near the $0.18721 level, suggesting sellers maintain short-term control. The lower boundary at $0.18077 is being tested again, and a decisive break could lead to a move toward $0.17300.
A trader commentary attached to the chart noted a potential “full send to TP” should this lower boundary collapse. The use of shaded zones on the chart visually outlines a sell-off range, emphasizing areas where DOGE has lost upward momentum. These signals remain relevant for short-term market participants.
DOGE Near Inflection Point Amid Tightening Price Action
DOGE’s total supply remains fixed at 149.61 billion tokens, and its fully diluted valuation matches its market cap at $27.5 billion. The sentiment in the short-term appears cautious, especially as price volatility compresses.
Despite limited gains, the chart setup points toward an inflection zone. Market watchers will likely assess upcoming candles for a clearer breakout or breakdown as price moves toward the lower edge of the highlighted structure.
