Dogecoin Finds Its Footing After Weekend Drop
Dogecoin is clawing its way back up after a rough weekend, bouncing nearly 17% from its lowest point. The meme coin seems to have found some solid ground around $0.16, with buyers stepping in to keep it from slipping further. It’s not exactly a roaring comeback, but for a token that’s often at the mercy of market whims, it’s something.
The wider crypto market hasn’t been doing great lately—geopolitical messes and shaky economic signals have kept things volatile. Yet DOGE, against the odds, is showing a bit of resilience. It dipped to $0.142 at one point but has since steadied itself, closing at $0.1657 on June 26. That’s up about 3% from the day’s low, which isn’t earth-shattering but suggests traders aren’t entirely giving up on it.
Why the Sudden Interest?
A couple of things might be helping Dogecoin hold its ground. Coinbase recently added support for wrapped DOGE (wDOGE) on its Base network, which could open up more ways to use the token in decentralized finance. It’s not a game-changer, but it’s something.
Then there’s the ever-present Elon Musk factor. His X platform (formerly Twitter) has been quietly securing money transmitter licenses across the U.S.—39 states so far. Nobody knows if Dogecoin will ever be part of that system, but Musk’s past tweets have sent DOGE on wild rides before. Traders seem to be keeping an eye on that possibility, even if it’s just speculation for now.
How the Trading Played Out
Over the last 24 hours, DOGE moved between $0.1628 and $0.1677—a tight range, but with enough action to show where buyers and sellers are drawing their lines. The $0.1628 level held firm as support, with nearly 300 million DOGE changing hands when the price dipped there. On the flip side, $0.1677 proved to be a sticking point, with sellers jumping in to push the price back down.
Things got interesting in the final hour of trading. DOGE climbed almost 1%, from $0.1645 to $0.1661, with two quick volume spikes—10.7 million and 20.1 million DOGE traded in just six minutes. That kind of movement isn’t huge, but it’s enough to suggest some real buying interest. The price even touched $0.1664 before settling just above $0.1659 as things quieted down.
For now, the pattern looks cautiously optimistic. The higher low suggests buyers might be gaining a little control, but with DOGE, nothing’s ever certain. It could just as easily slide back if the broader market takes another hit. Still, for a coin that thrives on unpredictability, this is about as steady as it gets.
