🐶 $DOGE Defends Key Demand Zone – Is a Recovery on the Way? 📈

📊 DOGE trades at $0.154 (June 23), up 4.84% in 24h with $1.43B in volume. After hitting a 2-month low of $0.142, bulls defended a key demand zone ($0.142–$0.16) — the same zone that sparked major rallies in March and April.

📉 In both past cases, DOGE bounced 40–75% within weeks. If the pattern repeats, price could target $0.21 (Fib 61.8%), or even $0.34 if sentiment shifts to greed. But if $0.16 fails, a drop to $0.13 is possible.

📉 A symmetrical triangle pattern also hints at a 60% move — either way. Current RSI levels mirror past bounce setups, showing seller exhaustion.

📉 The 30-day MVRV is -15.43%, meaning most recent buyers are in loss. Historically, this signals a bottom zone, as sellers hold off until break-even.

📌 Summary: DOGE is testing a strong historical support range. If bulls continue to buy the dip, a recovery rally may be near — but caution is warranted if support breaks.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.