Peter Smith
Dogecoin (DOGE) has caught traders' attention as it defends the critical $0.24 support level. After a recent pullback, the meme coin shows signs of strength, hinting that buyers might be gearing up for another push higher.
Healthy Structure After Correction
Recent analysis from BitGuru shows that Dogecoin has kept its technical foundation intact following this month's bullish run. The pullback toward $0.24 didn't break the structure - instead, it found solid footing there. If the current momentum holds, the coin could realistically aim for $0.27–$0.30, a range that typically attracts fresh buying interest.
The 4-hour chart backs this up: multiple bounces near $0.24 confirm it's functioning as reliable support, resistance appears around $0.27 with the next significant barrier near $0.30, and the consolidation phase we're seeing now could give momentum indicators time to reset before the next leg up.
This price behavior tells us buyers haven't backed down despite the correction. Breaking cleanly above $0.27 would open the door to testing $0.30, which could boost confidence across the broader meme coin sector. Sustaining gains beyond that level would strengthen the bullish case even further.
What's Next
For now, everything hinges on whether $0.24 continues to hold. As long as it does, Dogecoin looks well-positioned for another attempt at $0.30. That said, traders should stay alert to volatility and watch trading volume closely for confirmation before making moves.
Peter Smith
