Dogecoin is about to break through the most coveted resistance level and enter a rebound mode.
In the past 24 hours, Dogecoin (DOGE) has performed strongly, with its price rising over 5%, indicating that the sell-off phase for this meme coin may have ended. Dogecoin's price may have bottomed out, showing signs of recovery and is expected to approach $0.20.
Investor sentiment has improved, and Dogecoin's trading volume has surged by 72%.
According to CoinMarketCap data, Dogecoin (DOGE) has risen from a low of $0.181 and briefly hit a high of $0.1959 during early trading. As of the time of writing, Dogecoin (DOGE) is trading at $0.1909, having increased by 5.12% in the past 24 hours.
The Dogecoin ecosystem is also performing strongly. Investors are actively participating in the market, driving trading volume up significantly by 72.50%, reaching $1.29 billion.
The DOGE price looks like it might stabilize above $0.19 and could break through. If the current momentum is maintained, the price could rise to the $0.24 range. If the overall cryptocurrency market remains bullish, the DOGE price may break through this level.
Notably, the leading digital currency Bitcoin (BTC) has also recorded a price surge during this period and is expected to retest the $110,000 level. If BTC maintains this momentum, it could have a positive impact on Dogecoin (DOGE) and support its rebound.
Dogecoin's technical indicators suggest a bullish outlook.
According to (USA Today), the Bollinger Bands for Dogecoin began to retract over the weekend, signaling the current price rebound. This meme coin has entered the oversold territory, thus driving the current market recovery for Dogecoin.
A significant feature of the current recovery is that trading volume has also surged dramatically. This indicates a substantial shift in investor confidence compared to June 7, 2025, when trading volume plummeted by 48%.
Some market participants believe that the volatility of Dogecoin last week may have been triggered by Elon Musk's tense relationship with the U.S. President on social media. However, as the rhetoric from both sides gradually calms down, Dogecoin's price is steadily rising to $0.20.
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