๐ Dogecoin Rebounds Sharply, Targets $0.26 if Momentum Holds
Dogecoin (DOGE) has staged a strong recovery after plunging to a low of $0.143 on June 22, rebounding from a critical support area and reclaiming the $0.165โ$0.17 zone โ a key demand level that previously triggered a parabolic rally in May.
The recent bounce marks the third touch of this strong support, suggesting that bulls are defending it aggressively. DOGE is now trading within a broader horizontal range between approximately $0.143 and $0.26.
๐ Currently, the price is pushing toward the $0.175 level, with the next major resistance at $0.20 โ a previous swing high. A decisive break and close above $0.20 could open the doors for a move toward the range high at $0.26.
Technical indicators support a bullish scenario:
RSI is hovering around 50 and trending upward, signaling growing strength.
MACD has flashed a bullish crossover, with the histogram printing green bars โ a sign of rising bullish momentum.
๐ฅ Dogecoinโs rebound is part of a broader memecoin market surge, with tokens like BONK, PEPE, FARTCOIN, and POPCAT posting double-digit gains over the past 24 hours.
