$DOGE

The price seems to be in trouble, but it is reacting strongly at multiple support zones, suggesting a possible rebound. Especially on the daily chart, Dogecoin has rebounded nearly 6% along an upward sloping trend line.

This move has propelled DOGE to break through the descending resistance on the hourly chart, at least confirming a short-term bullish shift. Key moving averages on the hourly chart (10, 20, 50) also display a bullish arrangement, with the 10 moving average above the 20 moving average, and the 20 moving average above the 50 moving average, indicating early signs of a trend reversal.

Currently, DOGE is working to establish support at these moving averages, and if successful, it may continue to rise by 11%, retesting the recent high of 0.24267.