Dogecoin News Today: DOGE, PEPE, BONK Stabilize at Key Support Amid Crypto Downturn as Technical Indicators Signal Rebound Potential

Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK) are showing signs of stabilization amid the broader cryptocurrency market’s ongoing correction. Technical analysis suggests that these memecoins may be positioning for potential rebounds, driven by key support levels and chart patterns. While the market remains in a downtrend, recent price movements and indicator behavior indicate possible short-term reversals.

DOGE has entered a critical phase following a 70% rally that concluded in early July. The price retreated more than 22% after breaking above a downtrend that began in December 2024 but appears to have found support near $0.21, with an ascending trendline reinforcing this level [1]. On the weekly chart, higher lows and a test of horizontal support at $0.23 suggest a continuation of the upward trajectory beyond the descending trendline. The Stochastic RSI, currently rising after a failed bearish attempt, adds to the case for a near-term rebound [1].

PEPE is exhibiting similar resilience. The 4-hour chart reveals an ascending channel forming after the price escaped a descending trend. Current support at $0.000012 has held during the latest correction, with potential for a measured move to $0.0000114 if the pattern fully plays out [1]. On the weekly timeframe, sustained strength above $0.000012 positions PEPE for a potential test of $0.000016, followed by the all-time high at $0.000018. This would require a successful bounce from existing support and a breakout of the local resistance level [1].

BONK stands out as one of the few cryptos showing gains amid the downturn. The weekly chart indicates the price is maintaining above $0.000032, with a potential target at $0.000039 resistance. A breakout above this level could lead to a test of the all-time high. While the Stochastic RSI is near overbought territory (80.00 level), the indicator’s position suggests a strong possibility of consolidation or a bullish reversal [1].

The analysis highlights that these memecoins are exhibiting technical signs of bottoming, including key support levels, trendline breaks, and oscillator behavior. However, the broader market’s volatility means these outcomes remain contingent on a larger reversal. For now, DOGE, PEPE, and BONK appear to be among the most poised to capitalize on a potential market shift, with their price action suggesting a mix of short-term support and directional bias.

Source: [1] [Dogecoin (DOGE), Pepe (PEPE), and Bonk (BONK): Are Memecoins Set to Surge Again?] [https://cryptodaily.co.uk/2025/07/dogecoin-doge-pepe-pepe-and-bonk-bonk-are-memecoins-set-to-surge-again]