Dogecoin (DOGE) is pushing higher, breaking key resistance levels amid rising trading volume as investors turn to alternative assets in uncertain economic times.
The token’s price action is marked by a series of higher lows and highs, with support firmly anchored at $0.225. Recently, DOGE breached the $0.230 resistance, confirming bullish momentum.
Technical analysts point to a classic “bull flag” pattern, indicating the rally could continue, with some targets reaching $0.65 if momentum sustains.
Technical Snapshot:
- DOGE climbed from $0.218 to $0.230 in the past 24 hours, a 6.43% gain.
- The break above $0.220 resistance came with above-average volume.
- Support at $0.225 remains strong, backed by consecutive hourly volumes exceeding 300 million coins.
- Momentum continued upward toward $0.230, signaling sustained buying interest.
- Volume spiked to over 21 million coins at 07:07, pushing price from $0.229 to $0.230.
- The $0.230 resistance level, tested multiple times, was finally overcome at 08:01 with nearly 10 million volume.
In a shifting economic landscape, Dogecoin’s robust price action and growing volume underscore increasing investor confidence and the potential for further gains.
