Dogecoin Roars Back: 16-Cent Bounce Sparks Bullish Surge on 6X Volume Spike
Dogecoin just pulled off a classic crypto fakeout—tanking hard before rocket-launching off the 16-cent support level. Trading volume exploded sixfold during the rebound, flashing the kind of momentum that makes bagholders weep with relief.
The Meme Coin That Refuses to Die
While 'serious' investors were busy losing shirts on algorithmic stablecoins, DOGE traders rode the volatility wave like a degenerate surfboard. The 16-cent floor held firm—proving once again that in crypto, fundamentals are optional but memes are forever.
Volume Doesn't Lie (Until It Does)
That juicy 6X volume spike? Either a coordinated whale pump or actual retail FOMO. Either way, it's the kind of action that turns 'dead cat bounce' into 'raging bull run' on crypto Twitter. Just don't ask what happens when the music stops.
Bonus jab: Meanwhile, Wall Street still thinks 'blockchain' is a type of ergonomic office chair.
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.)
