Dogecoin Slips Early Tuesday — But Signs Point To A Rebound Toward $0.27

Dogecoin (CRYPTO: DOGE) correction continued into Tuesday morning, although one analyst seemed confident the coin would reach $0.27 on the next leg up.

What happened: The dog-themed memecoin lost over 9% in the last 24 hours, reversing the gains made the day before. The trading volume rose 1.70% to $3.55 billion.

Widely followed cryptocurrency analyst and trader Rekt Capital said DOGE was retesting the key pre-Bitcoin (CRYPTO: BTC) halving resistance of $0.22 as new support.

“Retest is now in progress. Hold green, and at least $0.27 would be next,” the analyst predicted.