Amid the decline in Dogecoin prices, an analyst has identified potential rebound areas and buying opportunities. Bitcoin's slight rebound last week has also affected the broader crypto market, with Dogecoin experiencing a 2% surge. Dogecoin has been struggling recently, with a 30% correction in the previous week. However, a TradingView analysis has identified demand zones where Dogecoin could possibly rebound, providing opportunities for investors. The analyst has highlighted three buying demand zones at $0.20, $0.16, and $0.13. Another analyst predicts that Dogecoin could breach these supports and reach $0.08131 before rebounding to $0.40. Despite the downsides, some market watchers maintain a bullish outlook, suggesting that Dogecoin could surge to $6.24 and $8.5 before the end of the bull cycle. Currently, Dogecoin is trading at $0.1728 with a market cap of $25 billion.



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