Dogecoin (DOGE) Eyes $0.21 as Bulls Hold the Line

Dogecoin (DOGE) is hovering around its crucial support level and is on the verge of a breakout. DOGE is currently facing volatility and experiencing downward pressure.

Dogecoin (DOGE) price is currently hovering around its crucial support level and is on the verge of a breakout.

It is currently faced with some volatility and experienced some downward pressure in the short term. However, despite this small setback, the overall DOGE price trajectory is still looking promising.

As the crypto market is not so volatile and Bitcoin is also holding above its support level and is primed for an upward move. If the market starts its bullish run, it will benefit DOGE, which will help the meme coin to break out soon and start its leg up.

Over the last 24 hours, DOGE is down by almost 4%, with a trading price of $0.1566. Moreover, its trading volume is also experiencing a decline and is down by 14%, with a 24-hour trading volume of $870.5M and a market cap of $23.32B.

Dogecoin Eyes $0.21 as Bulls Hold the Line

Analyst highlights possible scenario for DOGE future price trajectory. Crypto analyst Ali Martinez optimistically pointed out that Dogecoin (DOGE) is gearing up for a big week.

However, DOGE is at a pivotal juncture. Price recently swept the $0.13 lows but is still holding above major support at $0.15. This presents a classic “make or break” setup – either bulls defend structure here, or we break down and likely revisit $0.11.

"Dogecoin is stabilizing after a strong recovery from $0.1309, showing early signs of bullish momentum. If it closes above $0.17, it could open the door to $0.21 or even $0.29. As long as it holds the key support, the chances for an upward move are more likely."

With the overall market conditions, it seems like DOGE will move upward. Bitcoin is trading above a crucial support level and favoring the positive market conditions. Once BTC starts climbing again, DOGE will follow.