Dogecoin Surges 4.29% Amid Market Turmoil, Eyes $0.181 Breakout

Dogecoin (DOGE) rallied 4.29% over the past 24 hours, rising from $0.173 to $0.180 despite widespread liquidations triggered by the Israel–Iran conflict. The meme-based cryptocurrency broke through the $0.177 resistance on strong volume, closing near session highs and demonstrating resilience in a volatile market.

While most risk assets faltered, DOGE’s performance highlighted its increasing utility and investor confidence. Elon Musk’s recent engagement with the Base network has supported adoption, with wrapped DOGE now used in DeFi apps on Coinbase’s Layer-2 blockchain. This integration is attracting both institutional and retail interest. Meanwhile, speculation around a potential Dogecoin ETF in 2025, with Polymarket odds at 51%, has fueled large whale activity and upward momentum.

On-chain metrics remain strong, with daily active addresses exceeding 2024 averages and network transaction volume holding steady, indicating sustained user participation. DOGE’s technical setup showed a bullish uptrend, marked by higher lows and highs. A breakout past $0.177 came on a 415 million DOGE volume surge, confirming buying pressure.

Volume spikes of 13 million and 18.4 million units at 19:08 and 19:19 respectively, validated key resistance tests. The token briefly pierced $0.18 before encountering selling pressure near a head-and-shoulders resistance level, with short-term resistance seen at $0.181. Support lies at $0.168, a level that if breached could trigger a deeper correction of up to 30%.

Despite geopolitical tension, DOGE’s $1.05 billion daily turnover and robust on-chain activity suggest it remains fundamentally strong. If momentum persists, a decisive close above $0.181 could set the stage for the next leg higher.