Breaking! Dogecoin skyrockets 300% in 24 hours! The 'Dog King' is set to unleash a new wave of shockwaves!

Dogecoin (DOGE) has recently performed astonishingly, with a 300% surge in 24-hour trading volume and a price breaking the support level of $0.37, showcasing a strong rebound. Historical data shows that Dogecoin had previously surged by 229% in 2016 and 207% in 2021. However, this 'dog' had previously fallen below $0.1720 and even tested a low of $0.1650, experiencing several rounds of 'dog life fluctuations', but it is clearly not planning to give up easily now!

Dogecoin's 'roller coaster' market reappears

Dogecoin temporarily fell below the support levels of $0.1750 and $0.1720, hitting a low of $0.1646, which made many people sweat. But it quickly found support, stabilizing at $0.1680, and still holding above the 100-hour moving average. Even more exciting is that the DOGE/USD hourly chart shows a bullish trend line, with the current support level at $0.1680.

Dogecoin's 'comeback plan' is launched!

If Dogecoin breaks through $0.1750 and $0.1800, it is expected to initiate a strong rebound! The next targets could be $0.1850 or even $0.2000. Currently, DOGE has surpassed the 50% Fibonacci retracement level, and if it breaks through the 76.4% retracement level ($0.1755), the bulls will embrace the opportunity for a crazy rise!

Risk alert: Can Dogecoin continue to rise?

If DOGE fails to break through $0.1755, it may retreat again. Key support levels are at $0.1680 and $0.1650; if it falls below $0.1650, it may continue to drop to $0.1620 or even $0.1550. Currently, the MACD is still in the bearish zone, but the RSI has returned above 50, indicating that bullish momentum is building up.

Dogecoin is at a critical moment; breaking $0.1800 could lead to an explosion; if it falls below $0.1650, it may continue to decline. The next wave of explosion or continued stagnation remains a mystery that will take time to unveil!

Key support levels: $0.1680, $0.1650

Key resistance levels: $0.1755, $0.1800