Why Dogecoin bulls must watch THIS hurdle after $0.22 rebound
Key Takeaways
Why did Dogecoin rebound?
DOGE bounced at $0.22 help, reclaiming 20-day and 50-day EMAs whereas holding the 100-day EMA trendline.
What DOGE indicators level to $0.30?
Futures Open Curiosity jumped to $4.23 billion, and liquidity pockets above $0.25 counsel sturdy bullish positioning and dealer urge for food for increased ranges.
Dogecoin [DOGE] bounced from a key technical stage this week, reinforcing bullish sentiment. The memecoin slipped to $0.22 earlier than recovering sharply, retesting its rising trendline help.
Bulls defended the $0.22 zone, sparking a 9% each day acquire that preserved the broader uptrend. The zone aligned with the 100-day Exponential Shifting Common (EMA), reinforcing its energy as help.
Following the rebound, DOGE crossed above the 20-day EMA at $0.24 and the 50-day EMA at $0.23. This technical shift boosted confidence in a possible transfer towards the $0.30 resistance.
Supply: TradingView
DOGE on-chain metrics again technical setup
Including to the aforementioned constructive technicals, DOGE on-chain metrics additionally appeared to go hand in hand.
CoinGlass information confirmed that DOGE Futures Open Curiosity (OI) surged considerably to $4.23 billion at press time, reflecting a surge in speculative merchants’ positioning and institutional participation.
Rising OI sometimes signifies extra capital coming into the market, magnifying future volatility.
Supply: CoinGlass
Liquidity patterns additionally supported upside potential.
CoinGlass’ DOGE/USDT Liquidation Heatmap revealed a number of liquidity clusters above $0.25, suggesting these ranges might act as magnets if momentum extends.
Supply: CoinGlass
Historical past repeats at trendline help
It’s not the primary time DOGE has bounced this fashion. Again in early July and earlier this month, related rebounds off a trendline help led to sharp rallies of 15–20% inside only a few days.
That historic sample left merchants watching $0.30 as the subsequent upside goal. Nonetheless, sentiment might shift if profit-taking accelerates or if Funding Charges spike.
For now, each the chart and positioning tilt bullish.
Supply: TradingView
