Dogecoin’s Billion-Dollar Day: Is a Rebound on the Paws?

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Move over, Bitcoin! Dogecoin, the internet’s favorite meme-inspired cryptocurrency, has just hit a whopping $1 billion in 24-hour trading volume. According to CoinMarketCap data, Dogecoin’s trading volume came to $1.05 billion, marking a 46% jump in the past day. 🐕🚀

While the price hasn’t quite caught up yet, with Dogecoin up just 1.68% in the past 24 hours, trading at $0.1782, there are early signs of renewed buying pressure. Could this be the start of a major rebound?

Dogecoin fell for five days straight from a high of $0.206 on June 11, testing support at $0.17 on June 13 before bouncing back slightly in Monday’s session. But don’t worry, Shiba Inu fans – crypto analyst Ali has some good news: “DOGE prepares to rebound as the TD Sequential presents multiple buy signals on the 12-hour chart.”

What’s next for DOGE?

Currently, analysts are watching the $0.20-$0.25 resistance zone, coinciding with the daily SMA 50 and 200, which has acted as a ceiling in recent weeks. A clear breach above this area could spark bullish momentum and propel DOGE toward the $0.43-$0.49 levels. 📈

On the downside, failure to hold above $0.17 may result in short-term profit-taking. The next support level is $0.16; if broken, Dogecoin might fall to $0.14, where buyers are expected to move in. A robust bounce off the $0.14 level might keep the range-bound action going for a while longer.

The next trending move is expected to start with a break above $0.26 or below $0.14. If the $0.14 level cracks, Dogecoin may fall to $0.10. On the other hand, a break over $0.26 might propel Dogecoin to $0.38. 🤑

So, hold onto your leashes, Dogecoin enthusiasts – it looks like the ride is just getting started! 🚀🐕

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2025-06-16 18:59