Dogecoin (DOGE) is showing renewed strength, climbing by almost 7.69% over the past 24 hours. The weekly performance also reflects an 8.6% gain, confirming steady upward movement despite broader market volatility.
At the time of writing, DOGE is trading at $0.2345, supported by a sharp increase in daily trading volume that surged by 184.67% to reach $3.12 billion. The current market capitalization stands at $35.37 billion, securing Dogecoin’s place among the most actively traded digital assets.
The positive trend follows a decisive breakout from a prolonged consolidation period. DOGE had been locked inside a symmetrical triangle pattern for weeks, with market participants awaiting confirmation of direction.
That confirmation came as the price pushed firmly above the resistance zone near $0.2250. This shift now positions the breakout area as a strong support level, encouraging new buyers to step in on any retest.
Technical indicators confirm bullish structure
Immediate resistance lies near $0.25, with further supply zones appearing in the $0.30 to $0.32 range. Technical analysis suggests that breakouts from long consolidation patterns often fuel extended rallies, making this upward move particularly significant. If Dogecoin can sustain momentum, a run toward the $0.30 target looks increasingly probable.
Momentum gauges also confirm that point of view. The RSI has risen all the way to 53.32, entering positive territory and flashing rising buyer control. The MACD indicator has also confirmed a bullish crossing as the histogram has printed a number of consecutive green bars. These are all additional points in support of upside pressure persisting as traders align themselves with the trend.
Dogecoin outlook for the coming session
The technical perspective on Dogecoin is bullish as long as the coin stays above $0.2250. The level currently serves as a cushion and preserves intact the breakout formation. A positive correction towards the region could entice more buying interest, which could fuel the next leg of the rally.
If momentum is sustained, DOGE could test the $0.30 mark, a big technical and psychological level. Levels of support at $0.22 and $0.20 on the down end are still critical. In conclusion, Dogecoin’s breakout is a new page in its price history, as positive sentiment drives near-term forecasts.
