Dogecoin bottoming out? Price may break $0.35! Either zero or riches!
Known for its community-driven hype and viral momentum, Dogecoin ($DOGE) experienced a spike in April followed by a decline, with prices diving again, and market sentiment returning to a state of panic.
The current quote is $0.1716, down 1.89% in 24 hours. Although it reached a high of $0.1742 during the session, it failed to break through the resistance zone of $0.1735-$0.1740, and both bulls and bears are fiercely contesting the support area of $0.1690-$0.1695.
It is worth noting that DOGE may have completed its bottom formation after encountering resistance at $0.18, with a rebound poised to take off.
History tends to repeat itself: in the same market environment in October 2024, DOGE surged 500% to a high of $0.5.
The current altcoin market is about to bounce back from the bottom, with technical indicators showing a bullish divergence on the daily chart, and the RSI indicator signaling a buy. If it successfully breaks through the key level of $0.206 and holds above the downward trend line, it will confirm a trend reversal.
The first target is $0.2, followed by a focus on $0.27, with the ultimate target looking at $0.33.
Either zero or riches—this is DOGE's survival rule! At this moment, will you choose to panic sell or decisively buy the dip? Remember the golden rule of the crypto world: not daring to take risks is the biggest risk!
