BTC7338

07/15 13:41

Dogecoin reclaims $0.19 as support, forming higher

Dogecoin reclaims $0.19 as support, forming higher lows and targeting a push toward $0.25.

Analysts highlight $0.213 as the breakout level for DOGE to extend its upward momentum.

RSI stays neutral, while Bollinger Bands and volume suggest room for more price movement.

Dogecoin Holds $0.19

Dogecoin (DOGE) has found fresh support at the $0.19 level and is now trading just below $0.20. The price movement follows a 14% gain over the past week, though the last 24 hours have seen a decline of about 8%. 

Notably, the bounce from $0.19 is seen as an important shift in structure, putting the $0.25 range back in focus.

Dogecoin recently broke above the $0.19 zone, which had acted as resistance during May and early June. The move now confirms this level as a new support area. The daily chart shows the price bouncing from the lower end of a visible trading channel, forming a new short-term trend of higher lows.

Analyst Ali points out that DOGE may continue aiming for $0.25 as long as it holds this reclaimed level. A sharp increase in volume could push the price toward the upper end of the range. If momentum fades, a drop back below $0.19 would break the current structure.

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