Dogecoin Recovers After Volatile Weekend
Dogecoin (DOGE) has bounced back strongly, recovering from a sharp weekend dip to $0.143 and rallying to above $0.153. The 9.1% price swing occurred amid a dramatic surge in trading activity, with volume spiking to over five times the daily average, suggesting robust buyer interest at critical support zones.
This recovery highlights DOGE’s resilient market structure, even as global crypto markets remain pressured by macroeconomic headwinds and heightened geopolitical tensions.
Volume Surge Confirms Strong Support at $0.145
Most of the selloff occurred during the 13th and 14th trading hours, with DOGE plummeting from $0.157 to $0.143. However, volume during that window spiked massively, helping establish firm support at the $0.145 level. This created a base for a rapid rebound, with DOGE pushing back above $0.152 in the final trading hours.
The breakout occurred just after 04:58, when DOGE surged past $0.153432, followed by a volume spike of 10.7 million at 05:11, reinforcing the bullish momentum.
Technical Structure Remains Bullish
- Swing range: $0.143 – $0.157 (9.1%)
- Key support: $0.145
- Short-term resistance: $0.153, now broken
- Next targets: $0.155 – $0.158 zone
- Volume trend: 5x daily average during critical support defense
A series of higher lows from $0.145 to $0.152 indicate the formation of a short-term uptrend, while consolidation above $0.152 shows bullish strength heading into the next resistance test.
Macro Environment Adds Caution but Traders Stay Engaged
DOGE’s rally comes amid continued macro uncertainty, driven by inflation concerns, Federal Reserve policy signals, and rising geopolitical tensions. Risk appetite across crypto has been restrained, but high-beta tokens like Dogecoin are showing signs of trader engagement and accumulation on dips.
Conclusion: DOGE Eyes Higher Ground as Momentum Builds
Dogecoin’s ability to bounce back from its weekend low, supported by significant volume and key technical levels, points to growing bullish momentum. With support clearly established at $0.145, traders are now watching for a clean breakout above $0.158, which could trigger further upside in the short term.
As long as broader market conditions remain stable, DOGE could lead altcoin gains in the coming sessions
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.