Dogecoin Climbs Above $0.15, Enters Continuation Zone
Dogecoin (DOGE) broke above $0.15 on Tuesday, ending its multi-session compression and signaling the first meaningful momentum shift in days as Ether surged 8%. The move, supported by strong volume, coincided with targeted buying in the meme-coin sector and a broader market rally, giving DOGE relative strength into the close. The breakout sets up a clear continuation zone, provided bulls maintain the mid-range pivot recently reclaimed.
Market Context
- No token-specific catalysts; the rally reflected selective risk-on flows among major memecoins.
- Broader crypto markets saw relief buying as CD5 surpassed near-term resistance.
- Traders rotated into high-beta assets following weekend volatility.
- ETF news remained focused on Bitcoin and Ethereum, leaving DOGE activity largely technical.
Price Action Summary
- DOGE initiated the breakout at 15:00 GMT, clearing resistance at $0.1424.
- Volume peaked at 1.75 billion tokens during the 16:00 hour as price reached $0.1522.
- Support formed at $0.1463, validating the breakout.
- Higher lows persisted even as volume cooled, reflecting ongoing relative strength.
Technical Analysis
- Break above the descending trendline confirms a short-term bearish reversal.
- Consolidation band at $0.1509–$0.1513 followed a 1.7% pullback from local highs.
- Key breakout level: $0.1550; psychological pivot: $0.1500.
- Support stack at $0.1463 and $0.1424; breaches could invalidate the setup.
- Total session range expanded to $0.0132 (8.7%), consistent with early-stage trend development.
