Saad Ullah
Dogecoin (DOGE) is testing a crucial confluence of supports that could trigger a major rebound if buyers step up to defend the level. After weeks of choppy price action, DOGE has reached a decisive technical point where both trendline support and momentum indicators are aligning. This setup has historically marked the beginning of significant upward moves for the popular meme coin.
DOGE at a Critical Level
On the 12-hour chart, DOGE is holding above its rising trendline around $0.23–$0.24 while the Relative Strength Index has bounced off its own support line, suggesting bearish momentum may be exhausting itself. Trader Tardigrade notes that when structural and momentum supports overlap like this, the probability of a meaningful rebound typically increases significantly.
The technical picture shows several key elements working in DOGE's favor. Price has respected the orange trendline multiple times since July, with each previous test sparking a notable recovery. Meanwhile, momentum is stabilizing at rising support levels, adding confidence to the potential bullish scenario. If this setup materializes as expected, DOGE could climb toward the $0.30–$0.33 range, representing a solid 25–30% upside from current trading levels.
Why It Matters
Dogecoin remains one of the most community-driven altcoins in the market, often delivering outsized gains during retail-fueled rallies. A successful rebound from these support levels could reinforce broader bullish sentiment as we head into the fourth quarter, traditionally a strong period for crypto markets. However, failure to defend this critical support zone would risk a deeper pullback toward the $0.20 area, potentially undermining the coin's short-term uptrend.
Saad Ullah
