DOGE Enters Demand Zone: Is a Rebound Imminent After 10% Drop?

Dogecoin (DOGE) has recently entered a critical demand zone following a 10% price decline, sparking speculation about a potential rebound. Technical analysis by DD Trading indicates that the meme coin’s drop may have flushed out weak hands, setting the stage for a recovery. With the formation of a higher high and the breakdown of its short-term bearish structure, Doge could be poised for an upward move. As of now, DOGE is trading at 0.21593000 USDT.

Dogecoin Moves Into Demand Zone After 10% Fallout – Is A Bounce Coming?

Dogecoin has entered a critical demand zone following a 10% price decline, according to technical analysis by DD Trading. The meme coin’s recent drop swept out weak hands before reversing upward, establishing a statistically strong daily low.

Market observers note the breakdown of DOGE’s short-term bearish structure after tapping into buyer-heavy territory. The formation of a higher high suggests potential for recovery, contingent on holding current support levels.

Dogecoin Sets Stage for New Breakout

Dogecoin hovers NEAR its previous peak, signaling potential reversal as bullish momentum builds. Whale activity has surged, with over $11 billion in DOGE acquired in the past month alone.

Technical analysts highlight a recurring pattern mirroring 2017’s setup, which preceded Dogecoin’s historic 2021 rally. Trader Tardigrade notes the cryptocurrency is retracing an established uptrend channel, suggesting history may repeat.

Price projections indicate a possible surge beyond $0.95 if current consolidation follows historical trajectories. The meme coin’s resilience continues to defy skeptics, with on-chain data and chart patterns converging to support long-term bullish thesis.

Dogecoin vs Mutuum Finance: Race to $1 in Volatile Crypto Market

Two divergent cryptocurrencies are capturing market attention as traders speculate on which might first breach the $1 threshold. Dogecoin, the original meme coin with cult-like retail following, faces competition from Mutuum Finance’s structured DeFi offering.

Mutuum Finance’s Phase 4 presale demonstrates strong institutional interest, with 80% of tokens sold at $0.025 each. The project has attracted over 10,000 investors and raised $8.5 million ahead of its exchange debut, where early backers could realize 140% gains if prices reach the projected $0.06 listing price.