DOGE Tests Support Zone Ahead of US Mid-Term Election

Dogecoin (DOGE), once one of the biggest winners in crypto, is testing a long-term support zone that may signal the end of its prolonged price decline.

The memecoin's price has been stuck below $0.07 for weeks, down 85% from its peak around $0.48 in late 2024.

However, DOGE is now approaching a crucial zone between $0.048 and $0.063, which previously served as a major accumulation area for investors.

This range is about 30% lower than the current price levels and has been associated with significant rallies in the past, including a 224% rebound in June 2022 and an 887% rally toward $0.48 later on.