Dogecoin Price Prediction: Can DOGE Rebound Toward $0.26 After Key Bounce?
Dogecoin (DOGE) is finding its footing after the altcoin market cooled off. The Altcoin Season Index has dropped from 59 to 45
Quick overview
- Dogecoin (DOGE) is stabilizing at a key support level of $0.2258 after a recent market cooldown.
- A bullish hammer candle at $0.2258 suggests a potential reversal, with DOGE currently testing resistance at $0.2379.
- Key levels to watch include support at $0.2258 and resistance at $0.2490, with a close above the latter potentially leading to further gains.
- Despite a broader market slowdown, DOGE's technical indicators are showing positive signs for a possible retest of $0.26.
Dogecoin (DOGE) is finding its footing after the altcoin market cooled off. The Altcoin Season Index has dropped from 59 to 45, but DOGE is stabilizing at a key level.
Trading at $0.2398, DOGE bounced from the confluence of support at $0.2258—0.618 Fib and the long term trendline from July. This level is key for short term sentiment.
The broader market slowdown as traders stepped back from speculative assets but DOGE’s structure is still good as buyers defended key levels with conviction.
Dogecoin Technical Outlook: Fib Levels and RSI Guide
A bullish hammer candle formed at $0.2258, a potential reversal signal. Since then DOGE has moved up and is now testing the 0.5 Fib at $0.2379, with short term resistance at $0.2490 (0.382 Fib).
Key levels to watch:
Support:
- $0.2258 (0.618 Fib + trendline support)
- $0.2090 (0.786 Fib)
- $0.1880 (June low)
Resistance:
- $0.2490 (0.382 Fib)
- $0.2634 (prior consolidation zone)
- $0.2873 (multi month high)
- $0.4331 (2024 high)
RSI is climbing from neutral and approaching 60, a break above could support further up. DOGE is trying to reclaim its 50 day SMA at $0.2439, a technical level that could flip short term bias to bullish if held.
Dogecoin Trade Setup: Breakout Needs Volume Confirmation
Volume is steady, no spike or collapse according to CryptoQuant’s Spot Volume Bubble Map—market is still balanced. But the price structure shows higher lows and retests of support, bulls are in control.
Trade Idea (Not Financial Advice):
A close above $0.2490 could open up $0.2634. A setup could be a stop below $0.2250, trendline and Fib level, 2:1 risk reward for short term traders.
Final Thoughts: Will DOGE hit $0.26 again?
Dogecoin’s bounce from critical support means it’s not going to fade away. Altcoin momentum has slowed but DOGE’s chart and indicators are looking good for a retest of $0.26 if bulls stay engaged and volume picks up.
For now, the meme coin is getting attention for its technicals—not just the hype.
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