Garlinghouse Shocker & Elon Rumors: Why DOGE’s $0.20 Floor Could Spark 50% Pump!

Dogecoin (DOGE), currently trading at $0.1959, has experienced a slight daily decrease of -1.32%. While it has seen a modest gain of +1.36% over the past week, it remains within a longer downtrend, reflected in losses of -15.56% over the past month, -37.91% year-to-date, and -51.78% over the last six months. Dogecoin holds the 8th position among cryptocurrencies with a market capitalization of approximately $29.3 billion.

Currently, DOGE is trading near a historically significant demand zone between $0.18 and $0.20, a level that has previously triggered upward price movements. Technical analysis indicates a potential bullish divergence on the daily Relative Strength Index (RSI), suggesting a possible shift in momentum. However, a confirmed reversal requires DOGE to surpass the $0.21–$0.22 resistance zone. Failure to maintain the $0.19 level could lead to a pullback towards the $0.17–$0.18 range.

Dogecoin continues to benefit from its high liquidity and a dedicated community. Recent comments from Ripple CEO Brad Garlinghouse acknowledging DOGE’s relevance within the cryptocurrency landscape mark a notable shift in perception. Furthermore, anticipation is building regarding Elon Musk's potential integration of DOGE into X (formerly Twitter) payment functionalities, which could serve as a fundamental catalyst for price appreciation.

With a robust 24-hour trading volume of $1.65 billion, indicating sustained interest, DOGE exhibits strong liquidity. Should the broader market sentiment become bullish, DOGE could potentially test $0.24 and, in a breakout scenario, possibly reach $0.30.
The post Garlinghouse Shocker & Elon Rumors: Why DOGE’s $0.20 Floor Could Spark 50% Pump! appeared first on ETHNews.