š Dogecoin Drops 8% but Bounces Back in Classic V-Shaped Rebound
On JuneāÆ7, DOGE plunged about 8%, falling to roughly $0.176, driven by macroeconomic uncertainty and geopolitical fears
That same week saw a sharp reboundāDOGE surged nearly 8%, climbing back to around $0.191 by JuneāÆ10
A clear V-shaped recovery pattern emerged: buyers stepped in aggressively near $0.151ā$0.157, generating high volume (~828M DOGE at the $0.151 floor), confirming strong demand
Technical indicatorsālike a MACD crossover and rising RSIāsignal early bullish momentum
Key resistance lies in the $0.157ā$0.160 zone; a sustained move above $0.160 would likely confirm the rebound and set the stage for further gains
Analysts note Dogecoin is trading within a symmetrical triangle, where breaking above the upper trendline, near 100 EMA and Bollinger Bands, could trigger a ~60% upside move $DOGE
š Why This Matters
The swift rebound from deep losses confirms strong support in the mid-$0.15 region.
Technical setup and volume behavior indicate a potential return to a risk-on mood in the broader crypto market.
A breakout above $0.160ā$0.165 could catalyze significant upside, capturing the attention of both retail and institutional traders. $DOGE