Dogecoin Holds $0.22 Support: Is a Rally to $0.29 Next?

Dogecoin (DOGE) is once again capturing market attention as it hovers near a pivotal support zone. The popular meme coin's technical patterns suggest that maintaining levels above $0.22 could trigger momentum for a fresh rally toward $0.29, keeping bullish sentiment alive despite recent market volatility.

Chart Pattern Analysis

As long as Dogecoin holds this zone, traders might witness a series of higher lows gradually pushing toward the triangle's resistance near $0.29. The projection indicates potential consolidation between $0.24 and $0.29 before any significant breakout occurs. However, losing the $0.22 level would invalidate this bullish scenario, potentially opening the door to deeper retracements toward $0.20 or even $0.19.

Price Targets

• Support: $0.22 (Fibonacci 0.618, trendline support)
• Resistance: $0.29 (triangle apex, key horizontal barrier)
• Upside Targets: $0.30–$0.32, with extensions to $0.38 and $0.42 if momentum builds

Dogecoin stands at a technical crossroads where defending $0.22 could spark a new bullish wave with the next major milestone at $0.29. Conversely, failure to maintain support may shift market sentiment and trigger downside risks. Traders should closely monitor this level as the coming weeks could determine the next significant move for DOGE.