Despite a bearish trend over the last 24 hours, Dogecoin has shown signs of recovery after establishing support at the intra-day low of $0.2172. At the time of writing, DOGE is trading at $0.2257, marking a 1.60% increase from its recent support level.
Amid this recovery, crypto analysts have highlighted a strong technical setup in Dogecoin’s price action that may support a long-term rally.