Dogecoin Holds Key Support Trendline, Eyes Technical Rebound Toward the $0.19 Resistance

Dogecoin’s daily chart shows price action testing an ascending support trendline that has repeatedly triggered bullish rebounds since early April.

Analysts project a potential 12–15% upside rally toward $0.19 if buyers defend the $0.165–$0.17 support zone with strong trading volume.

Elon Musk’s “It’s time” post on X has reignited market attention, adding momentum to Dogecoin’s ongoing technical rebound setup.

Dogecoin (DOGE) is at a critical juncture in its daily chart, testing an ascending support trendline that has served as a basing level for bullish reversals. Market participants are actively looking for a bounce, which would suggest a move towards $0.19.

Dogecoin Holds Ascending Support Within Tightening Range

Dogecoin is currently trading just above its ascending support trendline level, which has been tested several times since early April. Each test of this upward-sloping base (trendline) has resulted in a notable evection, confirming it to be a significant accumulation zone for mid-term momentum traders.

Analyst Trader Tardigrade noted that Dogecoin is again testing this crucial support, with price action hovering near the $0.165–$0.17 region. Buyers are actively defending this area, keeping the uptrend structure intact. The market’s focus now centers on whether the support can sustain another upward reaction.

If the current base holds, technical projections suggest a rebound phase targeting the descending resistance trendline near $0.19. This potential move represents an estimated 12–15% upside swing, contingent on sustained buying pressure and volume confirmation.

Traders Watch for Confirmation Toward the $0.19 Target

Dogecoin’s daily structure now displays a narrowing range between ascending support and descending resistance, signaling a buildup phase before a potential breakout. The $0.17 level acts as the immediate pivot point for confirming directional bias.

Historically, rebounds from this ascending support have been accompanied by stronger volume inflows, reflecting renewed trader confidence. Market participants are now seeking similar activity to validate a possible continuation rally.

A clear break above the declining resistance of $0.19 could lead to higher levels closer to $0.22–$0.24. On the other hand, a close below the rising support would invalidate the setup and signify fading momentum and a possible change in trend structure.

Renewed Market Attention After Musk’s Comment

Interest in Dogecoin has also intensified following Elon Musk’s recent post on X stating, “It’s time.” His remark reignited enthusiasm among traders, recalling previous instances when Dogecoin reacted sharply to his social media comments.

Musk’s continual connection to Dogecoin keeps resonating across the market, and as Tesla has continued to accept the token in exchange for certain products, he reiterated dogs to remind investors of the forthcoming DOGE-1 mission. That is a SpaceX mission led entirely by Dogecoin that is planned to launch in the final quarter of 2025.

This reminder and attention to Dogecoin adds to an already technically supportive structure, which enforces the market focus on the current setup. As we see Dogecoin testing its ascending support, traders must remain vigilant of a confirmed bounce back in the price, which brings them closer to the $0.19 resistance zone.

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