Dogecoin rebounded after a sharp drop, with strong trading volume showing buyer interest.
- Dogecoin recovered after falling below $0.145 during a volatile weekend.
- Trading volume surged over five times the daily average, signaling strong buyer support.
- Analysts are watching if DOGE can hold momentum above $0.153.
Dogecoin Falls, Then Recovers
Dogecoin saw a large price drop over the weekend, dropping from $0.157 to $0.143. This was a 9.1% change in just 24 hours. The price fell fast, especially between hours 13 and 14. During this time, trading volume was over five times higher than usual. This large increase in volume suggests buyers were stepping in to support the price.
Key Support Found at $0.145
After bottoming out at $0.143, the coin quickly bounced back. Support appeared near $0.145, a level where buyers entered the market. From there, the price climbed to $0.153 and held steady into the next day. This move was confirmed by another spike in volume, showing continued interest from traders.
Technical Signs Point to Strength
Analysts tracking price patterns noticed a few bullish signals. Higher lows formed between $0.145 and $0.152, creating an upward trend. A breakout happened after 04:58, when DOGE jumped past $0.153432. Then, at 05:11, volume jumped again to 10.7 million, confirming the push higher.
What’s Next for DOGE?
Dogecoin’s short-term momentum is strong, but markets remain risky. The next price targets are between $0.155 and $0.158. Traders are watching this closely. If the price falls again, $0.145 remains the key support. For now, bulls seem in control as long as trading stays active.
Source: coindesk.com
