Dogecoin (DOGE), the original meme cryptocurrency, continues its bullish run by breaking critical resistance levels with robust trading volume, signaling resilience as investors seek alternative assets amid ongoing global economic uncertainties.
Technical indicators reveal a consistent pattern of higher lows and higher highs, with solid support established at $0.225. Recently, DOGE successfully surpassed resistance at $0.230, marking a key milestone in its upward trajectory.
Market analysts have identified a classic “bull flag” pattern forming on the charts, suggesting the current rally is likely to continue. If momentum holds, some projections see Dogecoin reaching as high as $0.65.
Technical Analysis Summary:
- Over the past 24 hours, DOGE rallied from $0.218 to $0.230, gaining 6.43%.
- The price action shows a clear uptrend, breaking above the $0.220 resistance level with above-average volume.
- Strong buying interest has established firm support at $0.225, sustained by consecutive hourly volumes exceeding 300 million coins.
- The token steadily progressed toward the $0.230 resistance, demonstrating bullish momentum and potential for further gains.
- In the last hour, DOGE climbed from $0.229 to $0.230, highlighted by a surge in volume to over 21 million coins at 07:07.
- Short-term price action confirms a series of higher lows, with support solidified around $0.229.
- The $0.230 resistance was tested multiple times before being decisively breached at 08:01 on nearly 10 million volume.
As investors look for alternatives in volatile markets, Dogecoin’s strong technical setup and growing trading volume underline its position as a resilient contender in the cryptocurrency space.
