Dogecoin (DOGE) Surges 17%: Rally Hopes Ignite as Key Support Defies Bears

Dogecoin bulls roar back as DOGE bounces hard off critical support—17% pump fuels speculation of a bigger move.

Meme Coin Defies Gravity (Again)

DOGE’s latest rebound proves the ‘people’s crypto’ still has bite. Traders are betting this isn’t just another dead-cat bounce.

Support Holds, Shorts Sweat

The meme coin’s stubborn refusal to collapse below key levels has perma-bears scrambling. Even Wall Street analysts are side-eyeing the chart—when they’re not busy overcomplicating their own portfolios.

What’s Next?

Another leg up or a classic crypto fakeout? Either way, Dogecoin just reminded everyone it’s still the OG meme stock—except decentralized, and with better memes.

TLDR

• Dogecoin (DOGE) rebounded 17% from weekend lows, defending the critical $0.16 support level with strong buying pressure
• The token stabilized above $0.165 and closed at $0.1657, up nearly 3% from session lows despite global market volatility
• Coinbase added support for wrapped Dogecoin (wDOGE) on its Base Layer-2 network, expanding potential use cases
• Elon Musk’s X platform secured money transmitter licenses in 39 U.S. states, fueling speculation about future DOGE integration
• Technical analysis suggests bulls should prepare for a potential 20% rally targeting the $0.2 supply zone

Dogecoin has demonstrated resilience in recent trading sessions, mounting a strong defense of critical support levels while speculation builds around potential platform integrations. The leading memecoin has shown fresh signs of strength after a weekend sell-off tested investor resolve.

The token rebounded 17% from weekend lows, establishing a foundation at the $0.16 support zone. This bounce occurred despite broader market pressures from global tensions and macroeconomic uncertainty affecting digital assets.

DOGE stabilized above $0.165 during the latest 24-hour trading period. The token closed at $0.1657, representing a nearly 3% increase from the session low of $0.1628.

Strong buying pressure emerged at the $0.1628 level during the 15:00 trading hour. Nearly 300 million Doge changed hands as buyers stepped in to defend the support. The price action created what technical analysts describe as a higher low structure.

Trading volume provided clear signals of market interest. Key momentum developed at 01:28 and 01:34 UTC, with volume surging to 10.7 million and 20.1 million DOGE respectively. These spikes confirmed buyer participation and pushed the price to a local high of $0.1664.

The session concluded with price consolidating above $0.1659 as volatility decreased. DOGE traded within a $0.0049 range between $0.1628 and $0.1677, representing a 2.97% swing for the period.

Platform Development Drives Sentiment

Recent platform developments have contributed to positive market sentiment around Dogecoin. Coinbase announced support for DeFi applications using wrapped Dogecoin (wDOGE) on its Layer-2 Base network.

This integration expands the potential use cases for DOGE beyond its traditional payment and tipping functions. The wrapped version allows the token to interact with decentralized finance protocols on the Base network.

Speculation continues around Elon Musk’s X platform and potential cryptocurrency integration. The platform has secured money transmitter licenses in 39 U.S. states, creating the regulatory framework for digital payments.

While no official confirmation exists regarding dogecoin integration with X, Musk’s historical influence on the token remains a factor in market sentiment. Previous statements and actions by Musk have repeatedly moved DOGE prices.

Technical Outlook Points Higher

Technical analysis suggests bullish potential for Dogecoin in the NEAR term. The token successfully retested the $0.142 support level from April, which served as a range low during that period.

The Chaikin Money FLOW indicator shows strong buying pressure with a reading of +0.13. This metric suggests capital inflows have increased recently despite the broader market uncertainty.

Liquidation data reveals that the liquidity pocket from $0.145 to $0.162 has been cleared. Smaller clusters of liquidity have built up at $0.173 and $0.182, providing potential immediate targets for any continued bounce.

The next major magnetic zone sits at $0.21, which aligns with mid-range resistance levels. This target represents approximately 20% upside from current price levels.

Weekly chart analysis shows DOGE maintains a bullish swing structure. The token has not fallen below the $0.089 swing low established in late 2024, preserving the longer-term uptrend.

Trading volume over the past two months has remained relatively low, suggesting a potential consolidation phase. The On-Balance Volume indicator retested March lows but has not broken down further.

For the bullish structure to strengthen, DOGE WOULD need to push above the $0.259 local high established during the May rally. This level represents the key resistance that would confirm a shift in market structure.

The current price action suggests swing traders could consider long positions with stop-loss orders placed at $0.154, below the daily fair value gap. The target zone for such trades would be the $0.198 to $0.2 region.

The latest trading session ended with DOGE at $0.1657, maintaining position above the defended support level as markets prepare for the next directional move.