๐ถ $DOGE Bulls Holding the Line at $0.15 โ Is a Rebound Coming? ๐
Dogecoin has faced a mild downtrend recently, slipping over 4% in the past month, signaling growing bearish pressure. After peaking at $0.249 on May 22, $DOGE has been reacting sharply to broader market volatility, similar to $BTC .
โ ๏ธ Key Level in Focus: $0.150
This trendline support is crucial โ historically, every retest around this level has led to explosive upside moves:
โข In 2023โ2024: From $0.059 to $0.210 (+255%)
โข In 2024: From $0.095 to $0.470 (+395%)
๐ Expert Insight:
According to Ali Martinez, defending the $0.15 zone could lead to a quick recovery to at least $0.220, with a potential rally toward $0.240 and even the local top of $0.470 if momentum returns.
๐ Current Stats:
โข Price: $0.164 (+0.91% daily, +0.56% weekly)
โข Volume: Down -56.81% โ a sign of reduced interest, for now.
๐ฎ Short-Term Forecast:
โข Expect price to hover around $0.160 for the next few days
โข Monthly target: $0.193
โข 3-month projection: $0.197
โข 6-month outlook: $0.169 (flat to slightly bearish)
๐ง Final Take:
As long as doge holds above the $0.150 trendline, bulls have hope. Volume is low, but structure remains intact โ and that level has been a launchpad before. Watch closely โ a bounce could trigger a strong recovery.
๐ข Follow @bullishbanteer for more market updates and trendline-based breakout alerts! ๐