Dogecoin ($DOGE) has seen a significant rise after hitting a recent low of $0.143, potentially aiming for the $0.26 mark.
DOGE Price Drop
Dogecoin recently broke down from a descending triangle pattern, falling below the key horizontal support zone between $0.165 and $0.17, touching a low near $0.143 on June 22. Following that low, the price bounced back strongly, reclaiming that support area and rising towards the $0.175 level intraday.
Current Market Situation
The memecoin’s price is currently trading within the horizontal range between ~$0.143 and ~$0.26, with the recent retest of $0.143 marking the third touch of a strong support area. Momentum indicators suggest a mildly bullish outlook, with the Relative Strength Index at 50 and rising. MACD shows a bullish crossover, and the histogram is printing green.
Future Prospects for Dogecoin
Looking ahead, the next major resistance is around $0.20, marked by a prior swing high. If DOGE price can break and close above this mid-range resistance, it could push toward the range high at $0.26. Dogecoin’s bounce is unfolding alongside a broader memecoin market surge, with other coins posting double-digit gains.
The price situation around Dogecoin shows signs of recovery, and further growth could present positive direction for investors.
