Dogecoin Holds $0.24, Eyes Recovery Toward $0.27: Market Watch

2 mins mins

Key Insights:

Dogecoin holds $0.24 support after rejection at $0.3072, eyeing short-term recovery toward $0.27.
Analyst Mags marks $1.045 as bearish target, signaling possible ceiling for long-term Dogecoin rally.
Dogecoin trading volume hits $3.09B, with traders focused on $0.235–$0.240 support range.

*Dogecoin Holds $0.24, Eyes Recovery Toward $0.27: Market Watch*

Dogecoin was trading at $0.2469 with a 24-hour gain of 2.88% and a 7.48% drop over the past week. The coin recently retreated from a local peak of $0.3072 and is now sitting near the support range between $0.235 and $0.240.

BitGuru noted,

“$DOGE was trading near 0.2402, showing signs of attempting a pullback after recent rejection from the 0.3072 peak.”

The $0.235–$0.240 level has served as a foundation for earlier rallies, and buyers are showing interest in defending it again.

Source: BitGuru/X — **Source:** BitGuru/X

Recovery Path Toward $0.27

On the 4-hour chart, Dogecoin shows early signs of a rebound. If current support holds, the next move could take price toward $0.260–$0.270, an area where resistance may appear.

Earlier this month, DOGE broke out from a consolidation phase, described in the chart as a “bullish beauty,” before facing rejection at $0.3072. The present setup resembles a retest of demand zones, where a pullback may fuel another attempt higher.

Long-Term View Points to $1 Target

Analyst Mags outlined a larger projection that places $1.045 as a bearish target. The chart shows DOGE breaking above descending trendlines that capped moves since 2022, setting the stage for a broader uptrend.

Mags said,

“$DOGE – $1 is a bearish target for dogecoin!”

This suggests the $1 level could act as a major ceiling where selling pressure intensifies. The same chart also indicates a potential extension toward $2.49 if momentum continues beyond $1, though $1 remains the first key threshold.

$DOGE – $1 is a bearish target for dogecoin! pic.twitter.com/xwRB7HAj9z
— Mags (@thescalpingpro) September 24, 2025

Market Outlook

Dogecoin’s 24-hour trading volume stands at $3.09 billion, showing steady activity despite the recent decline. Traders are watching the $0.235–$0.240 range as immediate support, with a recovery path pointing to $0.27.

The broader view shows that while the short-term structure depends on holding support, the longer-term picture places $1 as the milestone level. How price reacts there could determine whether the trend continues or stalls.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.