Dogecoin has successfully rebounded at a pivotal support level around $0.31 after experiencing a 10-day decline, during which it lost most of its earlier gains this month. This rebound indicates the strength of the bulls in defending this price level to halt further depreciation.
Analysts predict that this resurgence in bullish sentiment could propel Dogecoin's price to exceed $0.4, given its current market dynamics and investor interest.