Dogecoin May Be Poised for Rebound Around $0.22 as Trendline, RSI and Fibonacci Support Align While Whales Hold 17%

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  • DOGE holds $0.22 where trendline, RSI and 0.618 Fibonacci support converge.

  • Whale wallets now control ~17% of DOGE supply, indicating larger-holder accumulation.

  • Upside targets: $0.29, $0.32 and $0.38 if $0.22 support sustains momentum.

Dogecoin price support at $0.22 — monitor trendline, RSI and Fibonacci for trade signals; read the full technical and on‑chain update.

What is the significance of Dogecoin holding $0.22 support?

Dogecoin price is holding at the $0.22 zone where an ascending trendline, a rising RSI support line and the 0.618 Fibonacci retracement overlap. This confluence strengthens the support level and increases the probability of a technical rebound toward near-term targets if buying pressure returns.

How does RSI and trendline alignment affect DOGE short-term outlook?

The 12‑hour chart shows price touching the ascending trendline while the RSI sits on a rising support line. Historically each test of these technical supports since mid‑2023 triggered rebounds, suggesting the current test may offer a low‑risk entry if momentum indicators confirm a bounce.

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What are the recent price and technical observations on DOGE?

Dogecoin consolidates at $0.22 as trendline, RSI, and Fibonacci supports align, with whales holding 17% and upside targets up to $0.38.

  • DOGE holds $0.22 as trendline, RSI, and 0.618 Fibonacci support converge for traders.
  • Whale wallets now control 17% of DOGE supply, signaling rising large-investor accumulation.
  • Upside targets stand at $0.29, $0.32, and $0.38 if $0.22 support sustains momentum rebound.

Dogecoin is positioned at a key technical level, trading near both its ascending trendline support and RSI support. Price retraced from a recent local high of $0.33 and is consolidating around the $0.22 area, making this zone critical for traders and investors monitoring momentum and orderflow.

Trendline and RSI Support Levels

The 12‑hour chart shows Dogecoin holding near $0.22, aligning with its established ascending trendline. Analysis by market observers indicates each test of this trendline since mid‑2023 has led to rebounds, preserving the broader uptrend.

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The RSI indicator mirrors price action: a rising RSI support line has historically coincided with recovery phases. The indicator is now near that support, which combined with the trendline increases the technical significance of the $0.22 zone.

Analyst Ali notes the $0.22 zone coincides with the 0.618 Fibonacci retracement at $0.2288. Maintaining this threshold preserves the ascending triangle structure and supports scenarios where momentum pushes price to the stated upside targets.

Dogecoin’s DeFi metrics report $20.88 million in total value locked, with a 5.84% daily decline, though TVL remains materially above 2023 levels. On‑chain analytics show growing whale accumulation, with wallets holding 100M–1B DOGE now controlling roughly 17% of supply.


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Source: https://en.coinotag.com/dogecoin-may-be-poised-for-rebound-around-0-22-as-trendline-rsi-and-fibonacci-support-align-while-whales-hold-17/