Dogecoin Rockets 7% as Bulls Smash Through Critical Resistance

Meme coin defies gravity—again.

Dogecoin's latest surge isn't just another pump. This time, bulls demolished a key resistance level that had traders sweating since Q1. The 7% spike smells like a classic crypto breakout—or another trap for over-leveraged degens.

Technical breakout or tired meme?

Chartists are calling it a textbook bullish engulfing pattern. Skeptics see Elon Musk's latest tweet draft waiting in the wings. Either way, DOGE just reminded Wall Street that internet money moves faster than their precious ETFs.

Just don't mention the 90% of buyers who won't take profits in time.

News Background

• Global markets have been rattled by renewed military activity in the Middle East, with U.S. airstrikes in Iran over the weekend raising risk-off sentiment.
• Despite the wider crypto selloff, Dogecoin showed relative strength, recovering faster than Bitcoin or Ethereum and pushing past key resistance levels.
• Technical analysts note that the rally was driven by a sharp increase in trading activity, particularly during the 22:00 UTC hour, when volume surged past 800 million units and price spiked 3.77% in under 60 minutes.
• The breakout has sparked renewed discussion about a potential retest of the $0.17–$0.18 range if volume remains elevated and global risk sentiment stabilizes.
• Dogecoin’s network fundamentals also remain intact, with transaction volume and active wallet counts trending higher over the past week.
• While macro conditions remain fragile, the memecoin’s resilience is capturing renewed attention from traders betting on short-term altcoin rotation.

Price Action

Dogecoin traded in a broad range from $0.1508 to $0.1632 over the session, ultimately settling around $0.1615. The $0.150 zone acted as a springboard after the asset reached a local bottom following weeks of declining momentum. A clean break above $0.162 resistance has now established a short-term higher high, with $0.165 emerging as the next level to watch.

The final hour of the session saw minor consolidation, with Doge pulling back slightly from intraday highs and forming a potential bull flag above $0.161.

Technical Analysis Recap

• DOGE posted a 6.56% gain, rising from $0.153 to $0.1632 over 24 hours
• Price broke above a descending trendline, confirming bullish breakout
• Key support formed at $0.150 after a two-month low, with volume over 800M during rebound
• $0.165 now acts as short-term resistance; $0.162 holding as support
• RSI has exited oversold conditions; MACD signals a potential continuation
• Final-hour pullback remains shallow, indicating healthy consolidation