Dogecoin (DOGE) is quoted at $0.08735 on June 17, holding the rising‑channel support that has withstood every test since the June 5 trough near $0.0779, while the Federal Open Market Committee’s rate decision unfolds and the meme‑coin segment sits 81.9% below its November 2024 apex.
Technical Overview
The daily chart reveals a pronounced liquidity sweep beneath $0.08 on June 5 that expelled frail positions, after which price reclaimed the $0.08‑$0.09 candle range. Since that event, DOGE has been oscillating within these bounds for more than a week, lacking a decisive breakout in either direction. Investors watch the $0.09 ceiling and the $0.0955 pre‑dump level as potential resistance, while $0.087 channel support and the $0.08 floor act as primary anchors.
Short‑Term Outlook
A daily close above $0.09 would validate the June low as the liquidity‑sweep trough, but until such a close materializes the coin remains trapped in a neutral zone. The 2‑hour chart continues to draw a clean rising channel from the June 5 low, with the lower trend line hovering around $0.087, the exact point flagged by AliCharts as key support. RSI sits at 46.56, indicating neither bullish nor bearish momentum, and the Supertrend indicator stays bearish overhead, suggesting that crypto investors should remain cautious.