Dogecoin price rebounds, eyes $0.26 if momentum builds

DOGE price has bounced strongly from its recent low at $0.143, reclaiming key support and setting up for a potential move towards $0.26.

Dogecoin (DOGE) has recently broke down from a descending triangle pattern, falling below the key horizontal support zone between $0.165 and $0.17, touching a low near $0.143 on June 22. After hitting that low, the price bounced back strongly, reclaiming that support zone and rising toward the $0.175 level intraday, which is within a demand zone that preceded a parabolic rally in May.

The memecoin‘s price is now trading inside the horizontal range between ~$0.143 and ~$0.26, with the recent retest of $0.143 marking the third touch of a strong support area.

Looking ahead, the next major resistance is around $0.20, marked by a prior swing high. If DOGE price can break and close above this mid-range resistance, it could push toward the range high at $0.26.

Momentum indicators suggest a mildly bullish outlook, with the Relative Strength Index at 50 and rising. MACD shows a bullish crossover, and the histogram is printing green.

Dogecoin’s bounce is unfolding alongside a broader memecoin market surge, with Bonk (BONK), Fartcoin (FARTCOIN), Pepe Coin (PEPE), Popcat (POPCAT), and others posting double-digit gains in the past 24 hours.