Dogecoin (DOGE) Roars Back: Stunning Recovery Follows Weekend Plunge

Dogecoin defies gravity—again. The meme coin’s latest rollercoaster saw DOGE claw back double-digit gains after a brutal weekend sell-off. Here’s how the comeback unfolded.

From Bloodbath to Bullish

DOGE holders white-knuckled through a 30% nosedive as Bitcoin’s volatility spilled into altcoins. Then—like a degenerate gambler doubling down—the coin rebounded hard, leaving traders scrambling to catch the bounce.

The Elon Effect Strikes Back

No fundamental catalyst? No problem. Dogecoin’s price action remains untethered from reality, thriving on retail FOMO and the occasional Musk tweet. This time, whispers of a potential Tesla DOGE payment revival lit the fuse.

Wall Street’s Worst Nightmare

While traditional analysts hyperventilate over P/E ratios, DOGE proves markets can stay irrational longer than suits can stay solvent. The coin’s 2025 resurgence screams one thing: memes now move markets.

TLDR

• Dogecoin fell to $0.143 over the weekend before recovering to above $0.153
• Trading volume surged to over five times the daily average during the rebound
• Analyst predicts DOGE could still drop another 10% to $0.13 before buying opportunity
• Daily trading volume has declined from $5.1 billion to under $3 billion in June
• Technical analysis shows strong support at $0.145 with potential target of $0.25

Dogecoin experienced a volatile weekend as the meme coin dropped to a low of $0.143 before staging a sharp recovery above $0.153. The price action occurred during a period of intense market pressure driven by geopolitical tensions and macroeconomic uncertainty.

The selloff saw DOGE break below the critical $0.16 level, marking an over 5% decrease that sparked panic among investors. This decline followed broader crypto market weakness as digital assets faced pressure from rising war tensions and trade disputes between major economies.

Trading volume during the recovery period surged to over five times the daily average, confirming strong buyer interest at key support levels. The volume spike occurred most notably during hours 13-14 of the trading session, establishing a firm floor at $0.145.

Technical analysis shows Doge posted a 9.1% range over the 24-hour window, falling from $0.157 to $0.143 before rebounding. The most dramatic selling occurred during the mid-session hours, but strong volume-backed support triggered a reversal.

Despite the recent recovery, a crypto analyst on TradingView believes this is not yet the optimal time to buy DOGE. The analyst expects the meme coin’s price to fall by another 10% before reaching an attractive entry point.

The analyst points to a target area around $0.13 where weekly support aligns with range support, creating a strong confluence zone. This level represents where investors should consider starting to accumulate the digital asset.

Volume Decline Supports Further Weakness

June has seen a steady decline in Dogecoin’s daily trading volume, falling from highs of $5.1 billion to below $3 billion on average. This declining volume pattern supports expectations that the price could continue to fall in the NEAR term.

If the market decline continues, trading volume could drop below $2 billion before month-end, potentially pushing DOGE back toward the $0.13 level. The correlation between declining volume and price weakness has been consistent throughout the month.

Technical Breakout Signals

In the final hour of recent trading, Dogecoin surged from $0.152 to $0.153, with a breakout above $0.153432 occurring after specific time markers. Volume surged again to 10.7 million, confirming buyer strength and pushing DOGE to a new local high.

The uptrend formed clear higher lows from $0.145 to $0.152, suggesting potential momentum building. Price action now targets the $0.155-$0.158 zone, with $0.145 holding as key support.

Analysts are watching whether DOGE can sustain momentum above $0.153 and break through short-term resistance. The strong volume during the breakout provides confirmation of buyer interest at current levels.

From the predicted $0.13 buy zone, the analyst sees potential for DOGE to reach $0.25, representing an over 90% increase. This target could be achieved by the third quarter of the year if the confluence zone holds as expected.

Inflation concerns and Federal Reserve monetary policy scrutiny continue to contribute to cautious sentiment across crypto markets. DOGE’s recovery from local lows suggests resilient market structure despite broader altcoin weakness.

The current price action shows sustained bullish momentum and strong consolidation above $0.152 in recent trading sessions.