DOGE rebounds from demand area, eyeing resistance near $0.0033
Dogecoin (DOGE) has bounced from a critical support zone after weeks of downward pressure, signaling a potential short-term recovery. The meme-inspired cryptocurrency is currently trading around $0.00265, with traders watching closely whether momentum can carry it toward higher resistance levels.
The daily chart highlights that DOGE found strong buying interest near the $0.0020–$0.0022 support area (green zone), which has acted as a demand region in the past. From this level, the price rebounded sharply, reclaiming the $0.0026 handle.
On the upside, immediate resistance lies near $0.0033 (light brown zone), followed by a stronger barrier around $0.0039 (red zone). A decisive break above these levels would confirm bullish continuation and could target $0.0045 and beyond.
DOGE has been in a broader downtrend since early 2025, forming successive lower highs. However, technical patterns suggest short-term relief. The recent rebound resembles a falling wedge breakout, a structure often associated with trend reversals.
According to BITX Market analyst : “Dogecoin’s rebound from the $0.0020 demand zone is significant. If buyers sustain momentum, reclaiming $0.0033 will be key for confirming a stronger recovery.”
While the bounce has provided optimism, risks remain. The broader downtrend indicates sellers are still dominant until major resistance levels are broken. Failure to hold above $0.0022 could reopen the path toward $0.0017, a level not seen since late 2023.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.