Saad Ullah
Dogecoin (DOGE) has just pulled off something pretty impressive – the meme coin favorite has blown past $1 billion in daily trading volume, clocking in at $1.05 billion with a massive 46% jump from yesterday. Now, here's the interesting bit: while all this trading action is happening, DOGE's price isn't exactly going crazy yet. It's sitting at $0.1786 right now, up a modest 1.61% over the last 24 hours. But don't let that fool you – this could be the calm before the storm.
Dogecoin (DOGE) Price Shows It's Not Down for the Count
Things haven't been pretty for Dogecoin (DOGE) lately. The poor guy took a beating for five straight days, tumbling from a decent $0.206 high on June 11 all the way down to test that scary $0.17 support level on June 13. But here's where it gets interesting – DOGE didn't just roll over and die. It actually started showing some fight in Monday's session, which has got people wondering if we're about to see a proper turnaround.
Crypto analyst Ali has been keeping a close eye on DOGE's moves, and he's been dropping some serious hints on Twitter. He recently posted: "DOGE prepares to rebound as the TD Sequential presents multiple buy signals on the 12-hour chart." That's trader speak for "things might be looking up." But Ali also dropped a warning that's got everyone's attention: "DOGE must hold above $0.168 to avoid a 30% price drop." Yikes – that's the kind of line in the sand that makes or breaks rallies.
What's Next for DOGE (Dogecoin)? The Big Picture
So where does Dogecoin (DOGE) go from here? Well, everyone's got their eyes glued to that $0.20-$0.25 resistance zone. This isn't just any old price level – it's where the daily 50 and 200 moving averages are hanging out, and they've been acting like a brick wall for weeks now. If DOGE can somehow smash through this ceiling, we could be looking at a rocket ship scenario targeting anywhere from $0.43 to $0.49. That's the kind of move that makes people very happy.
But let's be real – crypto doesn't always go up. If DOGE can't hold its ground above $0.17, we might see some folks taking profits and running for the hills. The next pit stop would be $0.16, and if that breaks, we're looking at a slide down to $0.14. The good news? That's where the smart money usually steps in to scoop up some bargains.
Here's how the pros are calling it: DOGE's next big move probably starts with either breaking above $0.26 or crashing below $0.14. If $0.14 gives way, we could see DOGE tumble all the way down to $0.10 – ouch. But flip the script, and if DOGE manages to bust through $0.26, we're potentially looking at a run toward $0.38. Not bad for a dog coin that started as a joke, right?
Saad Ullah
