Despite 8% Decline, Dogecoin Surges Back in V-Shaped Recovery, Lifting Bullish Sentiment

Dogecoin Bounces Back After Sharp Drop, Signs of a Potential Recovery

Dogecoin demonstrated notable resilience after a sharp intraday sell-off that brought the memecoin to its lowest price levels in recent weeks.

Triggered by global economic uncertainty and geopolitical tensions, DOGE fell to $0.151 before strong buying interest emerged. Trading volume surged to 828 million units during this downturn, signaling intense market activity.

Since hitting this low, Dogecoin has stabilized near $0.157, forming higher lows and suggesting a possible bottoming process.

Market Snapshot

• Crypto markets continue to feel pressure from escalating global economic risks, including trade tensions and tighter monetary policies.
• As a barometer for retail investor sentiment, Dogecoin experienced volatility but on-chain data shows ongoing accumulation.
• Analysts view $0.151 as critical support following the recent 8% decline.
• Inflation fears and central bank policies continue to sway market movements.
• The bounce from recent lows may attract traders looking for signs of sustained recovery.

Price Action Overview

On June 21, during the 21:00 hour, DOGE plunged from $0.164 to $0.151, with volume surging to 828 million — the highest in over a week. This capitulation marked a key turning point as buyers moved in to stabilize the price.

Since then, Dogecoin has rebounded to around $0.157, consolidating gains and forming higher lows. Notably, a volume spike close to 8 million units at 06:57 signals renewed buying interest. Technical analysis indicates resistance near $0.157–$0.160 and solid support around $0.151.

Technical Highlights

• DOGE traded within a 7.9% range over 24 hours, falling from $0.164 to $0.151.
• The capitulation at 21:00 saw volume spike to 828 million, confirming $0.151 as strong support.
• Prices have since rebounded to $0.157 and are currently consolidating.
• Higher lows suggest accumulation by buyers.
• Resistance sits between $0.157 and $0.160, with a break above $0.160 needed to confirm bullish momentum.
• Support remains firm at $0.151, backed by high-volume buying and a V-shaped recovery.
• The MACD indicator has turned positive, while the RSI remains neutral near 48, indicating room for upside if momentum strengthens.