Speculation about Musk's X Payments is intensifying, with DOGE long positions holding firm at the 16 cent support level.

According to Gate News bot and CoinDesk, DOGE has shown new strong signs after rebounding 17% from weekend lows, with strong buying pressure maintaining the key support level at $0.16. Despite ongoing geopolitical tensions and macroeconomic uncertainties weighing on the market, DOGE seems to be building a higher low structure, which may lay the foundation for further rise.

In the past 24 hours, the trading price of DOGE fluctuated between $0.1628 and $0.1677, a change of 2.97%. At 15:00, the asset found strong support at $0.1628, and as buyers entered the market, the trading volume of DOGE approached 300 million. Subsequently, DOGE experienced a significant pullback at $0.1677, forming a resistance level.

In the last hour of trading, DOGE rose from $0.1645 to $0.1661, an increase of 0.98%. Key momentum appeared at UTC times 01:28 and 01:34, with trading volumes soaring to 10.7 million and 20.1 million DOGE, confirming buyer interest and pushing the price to a local high of $0.1664. As volatility gradually diminished, the price ultimately consolidated above $0.1659.