The recent Dogecoin price correction threatened to send it crashing back below $0.2. But with momentum holding up nicely during this time, bulls have been able to maintain major support above this level. If this support continues to hold, then it could serve as the bounce-off point for the next wave of bullish momentum.

Dogecoin Price Breakout Could Send Price Above $0.45

Pseudonymous crypto analyst Setupsfx pointed out in a TradingView post that the Dogecoin price has now landed at a critical support level that lies above $0.2. This serves as the last line of defense against bears as sellers look to push the price downward.

However, over the last two major corrections and flash dips, the Dogecoin price has been able to maintain support above $0.2. This suggests that there is still

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