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Dogecoin eyes $1 again, key test is defending 5-year support line

Dogecoin is retesting one of its most important long-term support zones, trading around $0.088 near the lower line of a multi-year rising channel. Analyst Cryptolica sees the area as a potential turning point but says a durable rebound would require reclaiming key resistance levels, starting at $0.15. Trading activity has picked up, with 24-hour volume up 31 percent to $663 million and open interest edging higher to $1.16 billion.