News
• DOGE rose by 8% from $0.1359 to $0.1467 during the 24-hour session
• Trading volume soared to 1.37 billion tokens — 242% above the 24-hour average
• The breakout coincided with a strengthening of the entire meme coin sector amid ETF news
• DOGE displayed a total trading range of 9.3% with several higher lows confirming accumulation
• Key resistance in the zone of $0.1475–$0.1480 has been tested against the backdrop of institutional flow dominance in intraday volume.
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Technical Analysis
The technical structure has decisively shifted direction to bullish as DOGE broke its multi-session ceiling, demonstrating a consistent increase in lows from the level of $0.1347.
The breakout candle at 15:00 provided the clearest confirmation of the monthly volume — 1.37 billion tokens signal institutional accumulation rather than volatility caused by retail players.
The breakout level at $0.1475–$0.1480 coincides with the upper boundary of the short-term ascending channel of DOGE, indicating that overcoming this zone opens the way to the next liquidity-rich range at $0.1500–$0.1520.
Several hourly candles recorded net closes above previous resistance levels, confirming structural changes.
Momentum indicators support the continuation of movement. Volume profile analysis shows the formation of a strong node in the range of $0.145–$0.147, indicating that bulls have created a solid base.
A quick bounce from the level of $0.1477 indicates absorption of supply rather than a reversal — a typical precursor to a second impulse. Increased hourly volumes above 17.4M reinforce the ongoing institutional presence necessary for continued growth.
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Price Movement Overview
DOGE opened around $0.1359, then steadily rose during daily consolidation. The explosive growth began at 15:00 against a backdrop of volume spike of 1.37 billion, leading to a price increase from $0.1419 to $0.1477 in just a few minutes. The session high of $0.1477 formed just below the resistance zone, while late trading stabilized around $0.1467.
The confirmed higher low at $0.1347 established a new structural support level. Subsequent 60-minute data showed sustained demand, including a sharp spike at 02:12 above 17.4 million, which pushed DOGE through the $0.1475 zone before a brief consolidation. The token closed within reach of the resistance at $0.148.
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What traders need to know
• The breakout level of $0.1475–$0.1480 remains a key signal for continuing movement in the range of $0.1500–$0.1520
• To maintain the breakout momentum, volume above 1 billion+ is required.
• The level of $0.1347 is now a critical mark for reversing short-term bullish sentiment.
• The breakout structure supports the upward trend; however, failure to overcome $0.148 may provoke a corrective pullback to $0.142–$0.144
• Flows in the meme-crypto sector and speculation surrounding ETFs continue to serve as secondary catalysts in DOGE's volatility cycle.
