Dogecoin Rallies 29% from $0.18, Targets $0.25–$0.30
Dogecoin rebounded sharply, climbing 29% from a $0.18 support level after falling from its recent high of $0.25. The cryptocurrency traded near $0.21, up 3% on the day but down 8% over the past week, with $1.2 billion in 24-hour volume. Analysts highlight $0.18 as a key demand zone. Holding this level could open the way to resistance at $0.22–$0.25, and a breakout may push Dogecoin toward $0.30. Large investors (‘whales’) bought one billion DOGE (about $200 million) in 24 hours, now holding nearly half of the circulating supply. Reduced market float and continued whale buying could support further gains. Traders also watch potential cryptocurrency ETF news for additional catalysts. Overall, market watchers see a bullish setup if Dogecoin sustains above its support zone.
Bullish
Dogecoin’s bounce off the $0.18 support and significant whale accumulation signal renewed buying interest, a pattern seen in previous recoveries when large holders stepped in at key demand zones. Historically, DOGE rallies have gained momentum after similar dips, with breaks above resistance levels triggering sharp upside moves. The current structure—higher lows near $0.18 and potential push above $0.25—suggests bullish momentum could extend toward $0.30. Reduced supply from whale holdings and growing trading volume further support an optimistic outlook. In the short term, sustaining above $0.18 may attract momentum traders, while in the long term, continued whale activity and ETF developments could reinforce a positive trend. Thus, market conditions point to a bullish trajectory for Dogecoin.