Dogecoin Holds $0.24, Eyes Recovery Toward $0.27
The post Dogecoin Holds $0.24, Eyes Recovery Toward $0.27 appeared on BitcoinEthereumNews.com. Key Insights: Dogecoin holds $0.24 support after rejection at $0.3072, eyeing short-term recovery toward $0.27. Analyst Mags marks $1.045 as bearish target, signaling possible ceiling for long-term Dogecoin rally. Dogecoin trading volume hits $3.09B, with traders focused on $0.235–$0.240 support range. Dogecoin Holds $0.24, Eyes Recovery Toward $0.27: Market Watch Dogecoin was trading at $0.2469 with a 24-hour gain of 2.88% and a 7.48% drop over the past week. The coin recently retreated from a local peak of $0.3072 and is now sitting near the support range between $0.235 and $0.240. BitGuru noted, “$DOGE was trading near 0.2402, showing signs of attempting a pullback after recent rejection from the 0.3072 peak.” The $0.235–$0.240 level has served as a foundation for earlier rallies, and buyers are showing interest in defending it again. Source: BitGuru/X Recovery Path Toward $0.27 On the 4-hour chart, Dogecoin shows early signs of a rebound. If current support holds, the next move could take price toward $0.260–$0.270, an area where resistance may appear. Earlier this month, DOGE broke out from a consolidation phase, described in the chart as a “bullish beauty,” before facing rejection at $0.3072. The present setup resembles a retest of demand zones, where a pullback may fuel another attempt higher. Long-Term View Points to $1 Target Analyst Mags outlined a larger projection that places $1.045 as a bearish target. The chart shows DOGE breaking above descending trendlines that capped moves since 2022, setting the stage for a broader uptrend. Mags said, “$DOGE – $1 is a bearish target for dogecoin!” This suggests the $1 level could act as a major ceiling where selling pressure intensifies. The same chart also indicates a potential extension toward $2.49 if momentum continues beyond $1, though $1 remains the first key threshold. Market Outlook Dogecoin’s 24-hour trading volume stands…
The post Dogecoin Holds $0.24, Eyes Recovery Toward $0.27 appeared on BitcoinEthereumNews.com.
Key Insights: Dogecoin holds $0.24 support after rejection at $0.3072, eyeing short-term recovery toward $0.27. Analyst Mags marks $1.045 as bearish target, signaling possible ceiling for long-term Dogecoin rally. Dogecoin trading volume hits $3.09B, with traders focused on $0.235–$0.240 support range. Dogecoin Holds $0.24, Eyes Recovery Toward $0.27: Market Watch Dogecoin was trading at $0.2469 with a 24-hour gain of 2.88% and a 7.48% drop over the past week. The coin recently retreated from a local peak of $0.3072 and is now sitting near the support range between $0.235 and $0.240. BitGuru noted, “$DOGE was trading near 0.2402, showing signs of attempting a pullback after recent rejection from the 0.3072 peak.” The $0.235–$0.240 level has served as a foundation for earlier rallies, and buyers are showing interest in defending it again. Source: BitGuru/X Recovery Path Toward $0.27 On the 4-hour chart, Dogecoin shows early signs of a rebound. If current support holds, the next move could take price toward $0.260–$0.270, an area where resistance may appear. Earlier this month, DOGE broke out from a consolidation phase, described in the chart as a “bullish beauty,” before facing rejection at $0.3072. The present setup resembles a retest of demand zones, where a pullback may fuel another attempt higher. Long-Term View Points to $1 Target Analyst Mags outlined a larger projection that places $1.045 as a bearish target. The chart shows DOGE breaking above descending trendlines that capped moves since 2022, setting the stage for a broader uptrend. Mags said, “$DOGE – $1 is a bearish target for dogecoin!” This suggests the $1 level could act as a major ceiling where selling pressure intensifies. The same chart also indicates a potential extension toward $2.49 if momentum continues beyond $1, though $1 remains the first key threshold. Market Outlook Dogecoin’s 24-hour trading volume stands…
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