Dogecoin (DOGE) is showing renewed bullish strength, posting a 4.29% gain to reach $0.180, even as broader crypto markets experienced sharp liquidations triggered by geopolitical tensions. The token’s technical structure and on-chain metrics point to strong underlying support and rising investor interest.
Market Resilience Amid Global Uncertainty
DOGE rose from $0.173 to $0.180, breaking the key resistance at $0.177 on heightened trading activity. Unlike many altcoins that faltered during the Israel–Iran conflict, Dogecoin demonstrated relative strength, reinforcing its evolving reputation beyond meme status.
The coin’s resilience was underscored by a 415 million-unit volume surge, enabling DOGE to form a classic higher-lows and higher-highs pattern—often interpreted as a bullish signal by technical traders.
On-Chain Activity Remains Strong
Dogecoin’s fundamentals continue to improve. Daily active addresses remain above 2024 averages, and on-chain transaction volume has remained stable, reflecting continued user engagement.
Network turnover reached $1.05 billion over the last 24 hours, backed by strong whale interest. Notably, volume spikes at 19:08 (13M units) and 19:19 (18.4M units) confirmed multiple resistance tests, giving bulls confidence in the rally’s durability.
Utility Growth Through Layer-2 Integration
Wrapped DOGE on the Base network is powering decentralized finance applications, significantly increasing the token’s use case. Elon Musk’s enhanced involvement with Base has drawn new attention from both retail and institutional investors, positioning DOGE as a multi-chain asset with expanding utility.
At the same time, speculation around a potential DOGE ETF continues to build, with current approval odds hovering near 51% for 2025. This has fueled an uptick in whale-sized trades, as investors begin to price in long-term structural demand.
Key Technical Levels to Watch
- Support: Strong foundation at $0.168; a drop below could trigger further downside.
- Resistance: Ceiling identified at $0.181 after a brief test above $0.180.
- Pattern: V-shaped recovery formed after bounce from $0.171, closing near the daily high.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.