TL;
- Dogi bounced 29% with a $ 0.18 support after a sharp fall from the recent $ 0.25 peak.
- Analysts highlighted $ 0.18 as a demand area; A breakout can push the price near $ 0.30.
- Whale bought 1 B Dogs in 24 hours, which is now near the total circulating supply.
Dogcoin gets support after pullback
Dogecoin has been trading near $ 0.21 after an increase of 3% in the last 24 hours. In the previous week, it is still about 8%below. The trading volume for the day is estimated at $ 1.2 billion.
The price fell continuously from the local high of $ 0.25. Earlier, Dogi had increased from $ 0.08 to $ 0.21, then rally to reach $ 0.25 again. Recently the decline was supported by $ 0.18, where buyers stepped. This is now an important area for value stability.
On 4-hour chart, Dog About 29% has been bounced from the level of $ 0.18. The step shows buyers to react to support, in which the current price is above $ 0.20.
Bitguru said that the market is showing a sign of recovery after pullback. The price structure remains open, but keeping $ 0.18 can clear a motor from $ 0.22 to $ 0.25 for the motor. A pushing direction over those levels will confirm a change.
$ Wake up for another run?
After a small dip, it again reached 0.24965, but then fell into a stable down hand.
The market is now trying to bounce back from the support area near $ 0.18. pic.twitter.com/ekaxzvh71t
– Bitguru (@bitgu_ru) August 7, 2025
The chart setup indicates for the possible breakout
Bitcoinsenus Shared $ 0.18 near the same climb a daily chart viewing high levels. This setup can serve as a liquidity area, where large orders are filled before the price money.
The chart suggests that, if $ 0.18 is conducted, Dogge can reach $ 0.30 in the short term. Indication of faded speed. For now, the current bounce in the market is waiting to see for the longing above the grip.
The market is accumulated as a reaction
Data from analyst Ali Martinez Show The big holders added one billion dogs in the last day. The value of purification was near $ 200 million. These wallets are now about 73 billion dogs, which is in circulation in almost half the supply.
Meanwhile, such active business can reduce the supply of coins available for business. Assuming that purchasing goes ahead and demand is high, it can strengthen the OUGING recovery. In addition, other traders are also monitoring potential ETF news that can affect with next week.
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