Dogecoin (DOGE) Skyrockets 15% as It Eyes Pivotal Milestone

Amid the broader crypto market meltdown, dog-themed meme coin Dogecoin (DOGE) is exhibiting signs of bullish validation.

Dogecoin Systemic Rebound

The crypto ecosystem has been under severe selling pressure in the last few days. Thursday, CoinGlass showed that Dogecoin led the meme coin liquidation, with over $4 million liquidated in 24 hours. Despite this liquidation, within the last 24 hours, the dog-themed meme coin has seen a 15% surge in market value.

Dogecoin Sees Critical Demand Zones

U.Today previously reported that DOGE has identified critical demand zones that provide support. The first demand zone is between $0.081 and $0.099, where 1.14 million addresses have acquired approximately 11.36 billion DOGE. A larger demand zone is identified between $0.07 and $0.081, where 1.16 million addresses hold about 23.72 billion DOGE.

Potential for Further Rebounds

The recent price rally may attract more investors into the DOGE ecosystem. If this occurs, more rebounds might be registered in the coming days.