Dogecoin Jumps 2.4% as $20M Whale Move Breaks Technical Barrier
Dogecoin (DOGE) staged a sharp move higher on Tuesday, climbing 2.4% to reach $0.197 after breaking through critical resistance at $0.194. The rally follows a $20 million DOGE transfer to Coinbase, widely viewed as a potential signal of institutional accumulation or a strategic whale entry.
The breakout was backed by heavy volume, including 470 million DOGE traded in a single hour, confirming growing demand at the $0.194 level. Another 386 million DOGE spike later in the day further solidified support.
DOGE’s final hour saw a surge to $0.198 before modest consolidation set in. With hourly price volatility tightening to just 0.51%, traders say the memecoin could be setting up for another leg higher if momentum holds.
Market Snapshot:
- 24H Performance: +2.4%
- Breakout Zone: Cleared resistance at $0.194
- Next Target: $0.200 psychological barrier
- Support Level: Strong buyer interest at $0.194
- Volume Trend: Institutional-sized spikes at key price points
The memecoin, often dismissed in favor of larger caps, is quietly regaining strength. If DOGE reclaims $0.200 with conviction, analysts suggest the path toward $0.205–$0.210 could open quickly.
