Dogecoin (DOGE) Ignites: Surging Momentum Signals Imminent Breakout

The meme coin that refused to die is back with a vengeance—Dogecoin’s chart is printing higher lows like a caffeinated trader chasing the next pump.

Subheader: The Technicals Don’t Lie

DOGE’s recent upside move isn’t just retail FOMO—the RSI breakout and volume spike suggest this could be more than another dead-cat bounce. Whispers of ’2021 vibes’ are creeping into crypto Twitter.

Subheader: Wall Street’s Worst Nightmare

While hedge funds over-engineer quantum-resistant tokens, a joke currency with a Shiba Inu mascot might just outperform their ’institutional-grade’ portfolios—again.

Closing hook: Whether this is the start of a parabolic rally or just another bull trap, one thing’s certain—the market’s appetite for risk is back. And nothing screams ’degenerate gamble’ quite like DOGE.

Dogecoin Price Extends Gains

Dogecoin price started a fresh increase after it found support near $0.2220, like Bitcoin and Ethereum. DOGE climbed and recovered above the $0.2350 resistance zone.

The bulls even pushed the price above the $0.2420 resistance zone. However, the bears were active NEAR the $0.2550 level. A high was formed at $0.2542 and the price is now correcting some gains. There was a move below the 23.6% Fib retracement level of the upward move from the $0.2227 swing low to the $0.2542 high.

Dogecoin price is now trading above the $0.2450 level and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $0.2460 on the hourly chart of the DOGE/USD pair.

Immediate resistance on the upside is near the $0.2550 level. The first major resistance for the bulls could be near the $0.2620 level. The next major resistance is near the $0.2650 level. A close above the $0.2680 resistance might send the price toward the $0.280 resistance. Any more gains might send the price toward the $0.2840 level. The next major stop for the bulls might be $0.30.

Downside Correction In DOGE?

If DOGE’s price fails to climb above the $0.2550 level, it could start another decline. Initial support on the downside is near the $0.2450 level and the trend line. The next major support is near the $0.2385 level and the 50% Fib retracement level of the upward MOVE from the $0.2227 swing low to the $0.2542 high.

The main support sits at $0.2320. If there is a downside break below the $0.2320 support, the price could decline further. In the stated case, the price might decline toward the $0.220 level or even $0.2120 in the near term.

Technical Indicators

Hourly MACD – The MACD for DOGE/USD is now gaining momentum in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level.

Major Support Levels – $0.2450 and $0.2350.

Major Resistance Levels – $0.2550 and $0.2620.