Dogecoin remains stable at the critical $0.16 support zone, hinting at a potential bullish reversal ahead with technical indicators showing market strength.
Price movement saw Dogecoin bounce to $0.166 after dropping to $0.142, emphasizing the significance of the $0.142 to $0.160 support zone, historically pivotal for upward movements.
Analysts predict further gains for Dogecoin, with price targets ranging from $1 to $1.25 based on bullish chart patterns and market sentiment.
While technical indicators support a rebound, caution prevails due to declining daily trading volume and the possibility of a sharp drop if support at $0.16 is not sustained.