DOGE Tests Critical Support at $0.23 Amid Market Pullback – Next Target at $0.28?
Dogecoin (DOGE) is currently retesting a key support level at $0.23 after an 8.6% daily drop, mirroring broader market weakness. This pullback follows a recent 25% weekly surge that briefly pushed Doge to $0.28 earlier in the week. The memecoin's ability to hold above $0.23 will be crucial in determining whether it can rebound toward higher resistance levels. Traders are closely watching this critical juncture, as a breakdown below support could signal further downside, while a bounce may reignite bullish momentum toward the $0.28 target. As of July 24, 2025, DOGE's price action remains pivotal for its short-term trajectory.
Dogecoin Retests Key Support After 8.6% Drop – Critical Levels in Focus
Dogecoin (DOGE) has pulled back alongside broader market weakness, testing a crucial support level after an 8.6% daily decline. The memecoin's ability to hold current prices could determine its next MOVE toward higher resistance zones.
DOGE's recent rally saw a 25% weekly surge before today's correction, with the cryptocurrency briefly touching $0.28 earlier this week. The retest of $0.23 support mirrors patterns from late 2020, when similar consolidation preceded major upside breaks.
Analysts note the $0.20-$0.24 range has become critical infrastructure for DOGE's price action. 'Stacking on this retest is the play,' remarked one trader, drawing parallels to historical breakout patterns. Market participants now watch whether this level transforms from resistance to springboard.
Coeptis Announces Strategic Pivot into Dogecoin Mining via Merger with Z Squared
Coeptis Therapeutics Holdings, Inc. (Nasdaq: COEP) has executed a definitive agreement to merge with Z Squared, a digital asset mining firm specializing in Dogecoin (DOGE) and other altcoins. The deal signifies a dramatic shift for the former biopharmaceutical company, now fully committing to cryptocurrency mining infrastructure.
The acquisition includes Z Squared's $660 million mining hardware portfolio, multi-jurisdictional hosting agreements, and proprietary energy optimization software. Dogecoin's $20 billion market cap and active global community present a volatile but high-visibility opportunity for public market participation—a rarity in the altcoin space.
Coeptis will spin off its biopharma assets into a separate entity, with the public company focusing exclusively on digital asset operations. The move capitalizes on Dogecoin's evolution from meme coin to mainstream crypto asset, leveraging its robust network effects and retail investor appeal.
310,000,000 DOGE in 2 Days: Is Dogecoin Ready to Rally After 10% Drop?
Dogecoin's recent 10% price drop to $0.23 hasn't deterred whales, who scooped up 310 million DOGE in 48 hours—worth roughly $73.5 million. Their holdings now represent 16.6% of circulating supply, signaling confidence in a rebound.
Exchange outflows and a nearly oversold RSI suggest accumulation is underway. Analysts see potential for a rally toward $0.52, with some targeting a new all-time high of $5. The meme coin's liquidity squeeze could amplify upward momentum if retail traders follow whales' lead.
