Dogecoin finally forced its multi-session squeeze to resolve, topping $0.15 in a volume-backed breakout that marked the first real momentum shift in days like ether. expanded by 8%.
The move came as targeted buying hit the meme-coin complex as the broader market recovered, giving DOGE relative strength into the close. The breakout now establishes a clean continuation zone, provided the bulls defend the mid-range pivot they just reclaimed.
News background
- No token-specific catalysts: The move was aligned with selective risk flows into major meme coins.
- The broader crypto markets experienced synchronized relief buying as CD5 broke through short-term resistance.
- Traders rotated into high-beta assets after weekend volatility stabilized.
- ETF holders are still largely focused on Bitcoin/Ethereum, so DOGE flows are mainly based on technicals and positioning.
Price Action Summary
DOGE began its breakout at 15:00 GMT, breaking the resistance of $0.1424. The volume reached a high of 1.75 billion during 16:00 hours when the price marked $0.1522.
Support formed at $0.1463 after the initial acceleration, validating the breakout structure.
Relative strength flowed into DOGE even as volume cooled, and the price still posted higher lows.
Technical analysis
- The break above the descending trend line confirms the reversal of the short-term bearish structure.
- The consolidation band formed between $0.1509 and $0.1513 following a 1.7% retracement from local highs. The key breakout level is now $0.1550, with psychological $0.1500 acting as the pivot. The support stack lies at $0.1463 and deeper at $0.1424; any non-compliance risks invalidating the configuration.
- The total range of the session expanded to $0.0132 (8.7%), in line with the trend change at the initial stage.
What traders are watching
- If the bulls can make a clean retest and hold above the $0.1500 pivot.
- If accumulation reappears on any decline towards USD 0.1463.
- Volume Behavior: A second phase of expansion is required to challenge $0.1550.
- Failure to return to the downtrend line risks catching late breakout hunters
