DOGE shows early signs of recovery as price holds near key support zones
The cryptocurrency market extended its recovery rally on Monday, and Dogecoin (DOGE) joined the uptrend, gaining over 3% in the past 24 hours. The move comes as broader market sentiment improves following strong macroeconomic data from Asia and a resurgence in major digital assets like Bitcoin and Ethereum.
At the time of writing, DOGE/USDT trades near $0.20, stabilizing after a volatile week that saw prices briefly test the $0.17 support zone. According to the daily chart, Dogecoin has formed a strong base between $0.17 and $0.19, highlighted by repeated buying activity in this range. The next resistance area lies near $0.24, while the major supply zone remains around $0.30, where sellers previously dominated.
“The recent rebound from the $0.17 region shows renewed accumulation,” said market analyst at BitXJournal. “If Dogecoin maintains strength above the $0.20 handle, it could attempt a breakout toward $0.24 in the short term.”
Technical indicators also paint a cautiously optimistic picture. The asset broke out of a descending channel pattern, which had kept it under pressure since early 2025. The breakout suggests a shift in momentum from bearish to neutral, with potential for a bullish continuation if market momentum persists.
Traders are closely monitoring volume trends, as rising transaction activity often precedes stronger rallies. Sustained trading above $0.21 could validate a short-term trend reversal, while a drop below $0.18 would invalidate the bullish bias.
Despite its meme origins, Dogecoin continues to act as a barometer for retail investor sentiment. With the overall crypto market showing signs of stabilization, DOGE’s resilience at current levels could mark the beginning of a new upward phase—provided broader risk appetite remains intact.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.