2 hours ago
Dogecoin ripped done absorption connected monolithic inflows, surging 11% successful 24 hours to situation the $0.22 threshold. Institutional desks led the breakout, pushing measurement to 4 times its regular mean arsenic momentum indicators flipped decisively bullish. Traders are present watching for confirmation supra $0.22 to widen gains toward $0.24–$0.25.
News Background
DOGE’s 11% rally unfolded from Oct. 12 05:00 to Oct. 13 04:00, climbing from $0.19 to $0.21 aft peaking astatine $0.22. The determination coincided with a surge successful organization enactment and a broader rebound crossed meme-coins. Analysts cited expanding unfastened involvement and dense on-chain accumulation arsenic signs of nonrecreational flows re-entering the market.
Price Action Summary
- DOGE traded a $0.02 band, up 11% from its league low.
- Breakout momentum deed during the 13:00–16:00 model arsenic volumes spiked to 2.54 B — 4× the 685 M regular average.
- Support locked successful astatine $0.19 aft repeated defenses; absorption formed astatine $0.22.
- Late-session consolidation supra $0.21 held gains, signaling sustained momentum.
- A last burst supra $0.22 connected 18.6 M measurement confirmed continued organization accumulation.
Technical Analysis
Support astatine $0.19 remains the cardinal structural floor. Resistance sits choky astatine $0.22, wherever aggregate attempts are investigating supply. The signifier shows an ascending trendline with constructive momentum; MACD and RSI signals stay bullish. Sustained closes supra $0.22 would people $0.24–$0.25, portion dips backmost beneath $0.20 could trigger short-term unwinds.
What Traders Are Watching?
- Whether DOGE tin corroborate the breakout with a regular adjacent supra $0.22.
- Institutional follow-through arsenic volumes enactment elevated into play trading.
- Momentum continuation toward $0.24–$0.25 absorption band.
- Broader meme-coin rotation flows and ETF chatter supporting sentiment.
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