Dogecoin Defends Key Support as Trading Volume Surges Amid Lunar Mission Buzz

Dogecoin is showing renewed signs of life as buyers step in to defend its critical price floor, according to recent market trends. The token's trading volume surged nearly 88% on September 15, while the long-awaited DOGE-1 moon mission has added a narrative spark to the meme coin's recovery.

The price action since late August has been defined by an ascending channel, with DOGE bouncing twice off its lower boundary this month. This pattern suggests that the worst of the summer selloff may be over.

Since falling from above $0.11 in May to briefly below $0.07 in August, Dogecoin's price has mostly traded between $0.08 and $0.09, a narrower range indicating easing selling pressure.

Analyst Trader Tardigrade identified $0.093 as the next target for DOGE, citing the ascending channel structure. The coin has reclaimed its 20 and 100 exponential moving averages and is now testing the 50 EMA.