Dogecoin Surges Following Wild Weekend Price Fluctuations

Dogecoin experienced a significant recovery following a dramatic weekend selloff, during which the token fell to a low of $0.143 before bouncing back above $0.153.
This movement coincided with a surge in trading volume—over five times the daily average—indicating strong buyer interest at critical support levels and suggesting a potential shift in momentum as broader markets remain volatile.

News Background

• Global macroeconomic uncertainty persists, impacting digital assets. Geopolitical tensions and trade disputes among major economies have increased volatility in risk markets.
• Inflation concerns and scrutiny of the Federal Reserve’s monetary policy have cultivated a cautious sentiment in the crypto space.
• The latest rise in DOGE occurred amid significant selling pressure, but robust volume-backed support at $0.145 seems to have instigated a reversal.
• Despite being a high-beta asset, Dogecoin’s recovery from local lows reflects a resilient market structure, particularly given the broader weakness observed among altcoins.
• Technical analysts are monitoring whether DOGE can maintain its momentum above $0.153 and overcome short-term resistance as bullish volume intensifies.

Price Action

DOGE registered a volatile 9.1% range over a 24-hour period, dropping from $0.157 to $0.143 before bouncing back to close near $0.153. The most significant selling occurred during hours 13–14, where volume surged to over five times the average, solidifying support at $0.145.

In the final trading hour, Dogecoin rallied from $0.152 to $0.153, with a notable breakout above $0.153432 occurring after 04:58. Volume spiked again at 05:11 (10.7M), confirming buyer strength and driving DOGE to a new local high.

Technical Analysis Recap

• DOGE fell from $0.157 to $0.143, then recovered to $0.153—a 9.1% swing.
• Volume during hours 13–14 revealed a spike exceeding five times the daily average, validating support at $0.145.
• An uptrend emerged with clear higher lows from $0.145 to $0.152.
• A breakout above $0.153 resistance took place after 04:58, pushing the price to $0.153432.
• Volume increased at 05:11 (10.7M), confirming breakout strength.
• The final hour exhibited sustained bullish momentum and strong consolidation above $0.152.
• Price action is now targeting the $0.155–$0.158 range, with $0.145 serving as key support.