$DOGE Hits Key Support: Will the Meme Coin Rebound?
$DOGE is currently trading at $0.29739, down 17.36% in the past 24 hours, as it tests the crucial support level at $0.29338 after retracing sharply from a high of $0.36734. The sharp sell-off has brought $DOGE into oversold territory, as reflected by the RSI at 22, signaling a potential bounce if buying interest emerges.
Despite the bearish momentum indicated by the MACD, this support zone could act as a pivotal point for recovery. Traders should watch for increased volume and stabilization above $0.29500 to confirm a reversal. This moment is critical for $DOGE’s next direction either a relief rally or continued downward pressure.
