Dogecoin is currently trading within a tight range, with prices fluctuating between $0.2074 and support at $0.1998-$0.2032. This price action comes after a significant 7.3% jump over the past day, which helped Dogecoin briefly climb above the $0.1793 level before settling back down to current levels. Analysts attribute this recent surge to the growth of DeFi applications and increased institutional interest in the cryptocurrency market. 5 key phases in the chart analysis show a clear structure with rapid sell-off Friday, followed by initial recovery then sideways chop before another sharp decline. A distinct inefficiency zone remains between $0.1998 and $0.2032 that traders are closely watching as it could influence future market trends.