1. Technical Structure: Parallel Channel Reappears Support

Since March, Dogecoin has been oscillating within an upward parallel channel. Whenever the price reaches the lower bound of the channel (currently around 0.158—0.163 dollars), bulls take the opportunity to accumulate and launch a counterattack; when it hits the upper bound (around 0.26 dollars), bears intervene to take profits. This rebound is strongly supported by the lower bound, with approximately 64% of the space between the upper and lower bounds waiting for bulls to gradually conquer.

2. Social media platform heat rebounds

Social media has an amplifying effect on price trends. Recently, the discussion around the topic of #Dogecoin on X (Twitter) and Reddit surged over 40%, with a large number of tweets circulating around keywords such as “buying at the lower bound” and “0.26 dollar target,” attracting a new wave of retail investors to place buy orders. Social sentiment and on-chain capital inflows are often positively correlated, providing emotional support for prices.

3. On-chain Capital Flow Revealed

According to the on-chain data platform Glassnode, over the past 24 hours, whale wallets (the top 0.01% by holdings) have added approximately 20 million DOGE, valued at about 3.5 million USD, indicating that large holders are optimistic about this round of Rebound. At the same time, the DOGE balance held on exchanges has slightly decreased, suggesting that more tokens are being locked in private wallets or DeFi platforms.

4. Ecological Benefits and Application Expansion

• Payment scenarios: Some e-commerce and tipping platforms have reopened DOGE payment channels, enhancing its actual use value.
• DeFi Integration: Multiple DeFi protocols have launched DOGE collateralized lending features, allowing users to obtain stablecoins using DOGE, enhancing liquidity and lock-up demand.
• NFT and Community Activities: The Dogecoin community has initiated multiple NFT airdrops and interactive competitions to further stimulate the enthusiasm of retail investors for holding coins.

5. Investment Allocation and Risk Management

• Batch building positions: The first batch can enter in the range of 0.168—0.172 dollars, the second batch can increase positions when it falls back to 0.165—0.168 dollars. In the future, attention can be paid to the two major resistance levels of 0.19 dollars and 0.26 dollars.
• Stop-loss setting: Set the stop-loss position around 0.163 - 0.165 dollars. If it falls below the lower limit, exit in a timely manner.
• Position control: It is recommended that a single trade position does not exceed 5-10% of the total funds to avoid excessive concentration.

Conclusion

Dogecoin’s current rebound is attributed to multiple technical supports, a revival in social heat, and the positioning of large on-chain holders. If the bulls can stabilize at $0.19 and break out with increased volume, then the next target for the bulls will be $0.26. New investors should combine technical indicators with risk control strategies to lay out their positions reasonably and guard against the risks of false breakouts and sudden shifts in market sentiment.