Is anyone else watching what’s happening with DOGE at this level? Dogecoin has just touched the support zone of the logarithmic channel again, where it exploded by 440% some time ago. This is no coincidence. 🐶

Right now, the price is around $0.10, although volatility is present (-2.55% in 24h). The interesting thing is that accumulation seems to be at play here. The $31.71M volume for the day shows movement, and there are rumors floating about corporate events that could boost interest in the asset.

Technically, if it holds this support of the logarithmic channel for the third time, we’re looking at a recovery toward the SMA50 as the next target. After that, levels at $0.112 and $0.120 would be on the radar. The bulls still have control here, although we need confirmation in the upcoming moves.

This is the zone where it has historically rebounded strongly. What you see in the dogecoin news right now is accumulation, not distribution. If it breaks upward, it could be interesting. We need to monitor whether it holds or if it gives way.