$DOGE Hits Key Support: Can the Meme Coin Rebound?
$DOGE is trading at $0.29739, down 17.36% in the last 24 hours, as it tests a critical support level at $0.29338 following a sharp retracement from its recent high of $0.36734. The steep decline has pushed it into oversold territory, with the RSI sitting at 22, signaling the potential for a rebound if buying pressure increases.
While the MACD suggests ongoing bearish momentum, the current support zone could serve as a turning point. Traders should monitor for signs of increased volume and sustained movement above $0.29500 to confirm a potential reversal. This is a pivotal moment for $DOGE's trajectory, with the possibility of either a relief rally or continued downward pressure looming.
