Dogecoin Roars Back: 600% Volume Surge Sparks Bullish Rally After 16-Cent Floor Bounce
Dogecoin's meme-powered engine just got a nitro boost. The cryptocurrency—once dismissed as a joke—is flashing serious bullish signals after bouncing hard off the 16-cent support level.
Volume tells the real story. Trading activity exploded at six times normal levels, the kind of momentum that makes technical analysts reach for their green crayons. This isn't just a dead cat bounce—it's a rocket sled loading up fuel.
Wall Street's still scratching their heads. While suits debate 'fundamentals,' DOGE traders are busy riding the wave. After all, nothing makes bankers more uncomfortable than 600% volume spikes on an asset featuring a Shiba Inu mascot.
Key resistance levels loom ahead. If this volume-backed momentum holds, we could see DOGE shatter its next psychological barrier faster than a hedge fund manager liquidating a bad Bitcoin short.
Technical Analysis Highlights
- DOGE gained 5.01% from $0.163 to $0.171 between 6 July 03:00 and 7 July 02:00.
- The strongest move occurred between 12:00–13:00 UTC, with DOGE spiking to $0.173 on 1.14 billion volume.
- Support established at $0.166, validated by high-volume buying pressure.
- Consolidation followed between $0.170–$0.173, with multiple resistance tests at $0.173 during the 21:00–23:00 window.
- In the last hour of trading, DOGE rose from $0.171 to $0.172 (+0.85%) with breakout confirmation between 01:30–01:37.
- Volume spikes of 12.8M at 01:16 and 8.0M at 01:36 suggest continued bullish momentum.
- Immediate resistance levels: $0.173, $0.175, and $0.180; critical support remains at $0.166.
(Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.)
