Dogecoin Drops 8% Amid Macro Uncertainty, Rebound Near $0.157

Dogecoin, a popular memecoin, experienced a significant drop of 8% but quickly showed signs of recovery, stabilizing near $0.157. This V-shaped recovery has boosted the confidence of bullish investors. The recent sell-off was driven by broader macroeconomic uncertainty and geopolitical tensions, which led to a sharp decline in prices. However, strong buyer interest was found near the $0.151 level, with volume spiking to 828 million units during the capitulation. This support zone has been highlighted by analysts as crucial for a potential rebound.

Global economic pressures, including escalating trade disputes and hawkish central bank stances, have weighed heavily on crypto markets. Dogecoin, often viewed as a bellwether for retail sentiment, bore the brunt of risk-off flows. Despite the volatility, network activity has remained stable, and on-chain data shows signs of accumulation. Central banks continue to signal concern over inflation, and with crypto markets reacting sharply to macro headlines, Dogecoin’s ability to recover from its lows may attract short-term traders looking for signs of a rebound.

DOGE dropped sharply from $0.164 to $0.151 during the 21:00 hour on June 21, with volume exploding to 828M—the highest hourly tally in over a week. This marked a clear capitulation point, followed by a modest recovery as buyers stepped in. Price has since rebounded to the $0.157 level, forming a short-term consolidation zone. In the most recent session, DOGE printed a series of higher lows, including a small breakout attempt at 06:57 when volume spiked to nearly 8M units. Immediate resistance now sits at $0.157–$0.160, while support remains firm at $0.151.

Technical analysis indicates that DOGE posted a 7.9% range over 24 hours, falling from $0.164 to $0.151. The capitulation event at 21:00 drew 828M in volume, confirming $0.151 as major support. The price rebounded to $0.157, where it’s now consolidating on declining volatility. Higher lows suggest an early accumulation pattern forming. Resistance zone sits at $0.157–$0.160; bulls need a close above $0.160 for breakout confirmation. Support at $0.151 is backed by extreme volume and V-shaped bounce. The MACD is turning positive; RSI is neutral at ~48, signaling room for upside if momentum builds.