Dogecoin Price Rebounds From $0.232 Low – Can Bulls Push Toward $0.500?

Dogecoin (DOGE) is showing renewed signs of resilience after enduring a volatile week marked by heavy price swings and cautious investor ￰0￱ meme coin, often seen as a barometer of retail enthusiasm, is once again testing critical levels that could shape its next ￰1￱ Price Swings From $0.232 Low to $0.243 Rebound Over the past week, DOGE slipped from around $0.2658 to the $0.243 range, reflecting an 8% ￰2￱ sentiment weighed on the market during that period. Yet, in the last 24 hours, DOGE staged a ￰3￱ bounced from lows near $0.232 to around $0.243, recording a modest daily gain of 0.59%. The coin reached an intra-week low of $0.2308 today but quickly ￰4￱ capitalization remains steady at $36.7 billion, supported by trading volumes exceeding $3.1 ￰5￱ numbers highlight Dogecoin’s volatility and its ability to regain ground after sharp ￰6￱ Technical Analysis Points to Key $0.2400 Support DeGram’s analysis from Monday points to $0.2400 as the decisive support ￰7￱ level is seen as the foundation for bullish ￰8￱ buyers succeed in holding this price, momentum could build ￰9￱ next major resistance sits at $0.2864, aligning with the upper boundary of the ascending channel.

A breakout beyond this resistance could pave the way toward $0.3000 and possibly higher. However, if $0.2400 fails to hold, DOGE may retreat toward deeper support near $0.2200. At present, DOGE trades above its rising support ￰10￱ setup suggests accumulation after recent volatility, leaving room for a potential upward push if buyers remain ￰11￱ Supporting the DOGE Rebound The rebound is not purely ￰12￱ fundamental developments have also improved ￰13￱ Federal Reserve’s decision to cut interest rates by 25 basis points has favored risk assets. Cryptocurrencies, including Dogecoin, have benefited from the shift in monetary ￰14￱ major boost comes from the exchange-traded fund (ETF) space.

Swiss-based 21Shares has registered its Dogecoin ETF with the Depository Trust & Clearing Corporation (DTCC). This step brings the product closer to an official launch and adds confidence to DOGE’s future ￰15￱ to the momentum, REX-Osprey announced on September 18 the launch of the first publicly traded Dogecoin ￰16￱ a notable innovation in cryptocurrency ￰17￱ Dogecoin’s ability to hold above $0.2400 will be crucial in determining whether bulls can push prices toward $0.300. With technical support aligning with improving fundamentals, the coin appears positioned for further gains. Yet, caution ￰18￱ failure to sustain key support could drag DOGE back into consolidation, testing investor patience once again.