🚀 $DOGE bounces to $0.2387 after an 11% drop—next step to $0.26?

📊 Current price and clear technical structure

Current price: $0.2387 (up +1.7% on the day)

Intraday range: between $0.2334 and $0.2395

DOGE falls from $0.26 after a strong institutional liquidation, but recovers ground thanks to technical support buying near $0.22

⚙️ Key factors

The price fell ~11% from $0.26 to $0.24 due to institutional selling and profit-taking, but today it has already rebounded 3.6% from the lows

In the last 48 hours, whales accumulated +1.08B DOGE (~$250M), anticipating a breakout in September if the ETF is approved (~80% probability)

Technical analysis shows a bullish wedge pattern with support between $0.22–$0.23 and resistance at $0.26, potential scenario for a rally towards $0.43 if it manages to break that historical level

🔧 Technical level of the day

📌 Key support: $0.233–$0.235

📌 Immediate resistance: $0.245–$0.26

🎯 Critical zone: holding above $0.24–$0.245 opens the route to $0.26+, with possible extension towards $0.43 if the triangular pattern is confirmed.

🌐 Institutional outlook / macro vision

Although institutional storage has generated temporary liquidity, institutional sentiment remains strong. Bit Origin plans a DOGE treasury of $500M and it is expected that ETFs will strengthen the long-term macro adoption narrative. The current technical environment suggests an ongoing technical bounce within a broader bullish cycle.

Would you buy DOGE near $0.24 or are you waiting for confirmation above $0.26? Give it a 👍 if you're already in, comment if you're waiting for more correction 👇

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