Dogecoin Don Bounce Back From $0.19 Sell-Off, E Dey Target $0.25 Rally
Dogecoin sharply recover afta e drop almost 9.5% to $0.19 due to heavy institutional sell-offs, wit peak volume reach 735 million. Late session whale buying make am bounce back 0.8% pass $0.1930. Over di week, DOGE climb 14%, confirm say $0.19 be di new support and dey form higher lows inside rising channel. Analysts talk say if weekly close pass $0.213, e fit trigger move go $0.25. Technicals show price dey near upper Bollinger Band and above 20-day SMA, with RSI at 58. On-chain data from Glassnode show 68,268 active addresses. Traders dey watch renewed Dogecoin volume pass 400 million and if e reclaim $0.198–$0.200 go validate sustained uptrend. If e drop below $0.19, e go invalid di bullish structure.
Bullish
Di quick recovery wey come afta near 9.5% drop show say demand strong for under di market. Institutional sell-offs komot as people absorb am, plus late-session big buying push Dogecoin pass key levels. Short-term technical like breakout above $0.1930, higher lows for ascending channel, plus bullish sign dem (Bollinger Bands, 20-day SMA, RSI at 58) dey show momentum dey favor further gain. On-chain metric dem, like stable active addresses count, dey sweet confidence. If weekly close pass $0.213, e fit push am go $0.25. But if e dip below $0.19, e fit kill dis outlook, but the signals now show say path na bullish for short and longer term.