DOGE shows bullish signals near $0.17 support as RSI divergence and exchange outflows strengthen reversal case.
By Parshwa Turakkhiya
Editor Marco T. Lanz
Updated
3 mins read
Dogecoin price is showing early signs of a potential rebound as technical and on-chain metrics converge near a critical support zone. DOGE is trading near $0.1701, down over 20 percent from its June high of $0.2135, and is now retesting the long-standing support band between $0.1600 and $0.1670.
This level has held firm during past corrections, and once again, DOGE $0.17 24h volatility: 0.2% Market cap: $25.44 B Vol. 24h: $597.57 M is flashing signs that a short-term reversal may be taking shape.
DOGE price forecast | Source: TradingView
A bullish divergence on the Relative Strength Index is the most notable development. While DOGE’s price recently fell to a lower low, the RSI formed a higher low, currently sitting at 35.90. This divergence implies weakening bearish momentum and could signal a bottoming process.
Meanwhile, the MACD indicator, though still in negative territory, is beginning to flatten. The histogram bars have narrowed over the past few days, often an early sign of momentum shifting. A bullish crossover here could act as further confirmation if price action improves.
DOGE Spot Inflow/Outflow | Source: Coinglass
Supporting the bullish technical signals is a sharp uptick in accumulation. Based on CoinGlass data, more than $35 million in DOGE has been withdrawn from centralized exchanges over the last 48 hours. On June 19 alone, net outflows topped $3.36 million.
This trend suggests that traders are moving assets to self-custody, which typically signals long-term holding intent. Reduced sell pressure at key technical support increases the likelihood of a bounce.
If DOGE holds above $0.1600, the next resistance zones lie between $0.2050 and $0.2100. Beyond that, a broader breakout could aim for the previous high near $0.2550 to $0.2600.
A daily close below $0.1600 would invalidate the setup and open room toward $0.1400.
$DOGE is on the verge of a massive break-out.
This chart looks insane 🤯 pic.twitter.com/ez6wONROdy
— CEO (@Investments_CEO) June 16, 2025
As traders eye a potential DOGE rebound, attention is also growing around Solaxy ($SOLX), a layer-2 scaling solution for Solana. Solaxy introduces a sidechain that bundles transactions off-chain to reduce mainnet congestion during peak activity.
The team has launched a testnet, token bridge, and block explorer. With the presale wrapping up, $SOLX is poised to play a key role as the project gains traction among wallets and exchanges.
To buy $SOLX before the presale closes, visit the Solaxy website and connect your wallet. You can use SOL, USDT, or a card to participate.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Parshwa Turakkhiya is a skilled financial writer with a strong background in covering crypto, forex, stock markets, and global finance. With a focus on translating complex financial topics into clear, actionable insights, he creates content tailored to both professional and retail investors.
