Dogecoin price is trading at a critical support region around $0.22, a zone reinforced by technical confluence. If sustained, this level could trigger a breakout rally targeting $0.28 and beyond.

After recent corrective price action, Dogecoin (DOGE) has found footing at a major technical support level. The $0.22 region combines multiple areas of confluence, including the point of control (POC) and the 0.618 Fibonacci retracement. This support has contained price over the past several sessions, offering bulls a potential launchpad for a recovery rally.

Adding to this 21Shares’ Dogecoin ETF, ticker TDOG, has also been listed on the DTCC’s National Securities Clearing Corporation platform, adding further legitimacy to the asset. The question now is whether bullish momentum can build strongly enough to push Dogecoin back toward $0.28 resistance.

Dogecoin price key technical points

• $0.22 support aligns with the point of control and 0.618 Fibonacci retracement.
• Bullish volume nodes emerging, reinforcing the probability of a breakout.
• Immediate upside target sits at $0.28, continuation possible if volume persists.

Dogecoin’s recent correction accelerated when price closed below the value area high, erasing short-term bullish momentum and exposing deeper levels of support. Once this breakdown occurred, there was little technical structure until price reached the $0.22 zone, where both the POC and 0.618 Fibonacci retracement align. This region has historically acted as a strong pivot in Doge

Go to Source to See Full Article
Author: Aziz Zamani