Dogecoin Rebounds from $0.19 Sell-Off, Targets $0.25 Rally
Dogecoin recovered sharply after plunging nearly 9.5% to $0.19 on heavy institutional sell-offs, with peak volumes hitting 735 million. Late-session whale buying drew a 0.8% rebound above $0.1930. Over the week, DOGE climbed 14%, confirming $0.19 as new support and forming higher lows within a rising channel. Analysts say a weekly close above $0.213 could trigger a move toward $0.25. Technicals show price near the upper Bollinger Band and above the 20-day SMA, with RSI at 58. On-chain data from Glassnode reports 68,268 active addresses. Traders watch renewed Dogecoin volume above 400 million and reclaim of $0.198–$0.200 to validate a sustained uptrend. A drop below $0.19 would invalidate the bullish structure.
Bullish
The rapid recovery from a near 9.5% drop highlights strong underlying demand. Institutional sell-offs were absorbed, and late-session whale buying pushed Dogecoin above key levels. Short-term technicals, including a breakout above $0.1930, higher lows in an ascending channel, and bullish indicators (Bollinger Bands, 20-day SMA, RSI at 58), suggest momentum is favoring further gains. On-chain metrics, like a stable count of active addresses, reinforce confidence. A weekly close above $0.213 would likely catalyze a move toward $0.25. While a dip below $0.19 would negate this outlook, current signals point to a bullish trajectory in both short and longer terms.