Dogecoin Breaks Multi-Session Compression as Bulls Target Higher Levels

Dogecoin surged above the key $0.15 level after several sessions of tight consolidation, signaling a meaningful momentum shift supported by a clear rise in trading volume. The breakout aligned with a broader risk-on push across the crypto market, with Ethereum jumping roughly 8% as buyers returned to high-beta assets. Despite lacking token-specific catalysts, DOGE benefitted from targeted inflows into the meme-coin sector, gaining relative strength into the daily close and reclaiming a critical mid-range pivot that now acts as a make-or-break zone for continuation.

The move began around 15:00 GMT, when DOGE blasted through resistance at $0.1424 and quickly accelerated toward $0.1522. Volume peaked near 1.75 billion during the 16:00 hour, marking one of the strongest participation spikes in days. After the initial surge, price established support at $0.1463, a level traders are watching closely as a confirmation point for trend sustainability. Higher lows continued to form even as volume cooled, reflecting steady accumulation rather than exhaustion.

Technically, Dogecoin’s breakout above its descending trendline has invalidated the short-term bearish structure and opened room for an early-stage trend reversal. A narrow consolidation between $0.1509 and $0.1513 followed a mild 1.7% pullback from the local high, forming a new staging zone for bulls. The $0.1500 psychological level now serves as the most important pivot, while $0.1550 stands as the next upside target that requires renewed volume expansion. Below, support remains layered at $0.1463 and deeper at $0.1424, with any breakdown risking a failed breakout and potential bull trap.

Traders are closely monitoring whether buyers can defend the pivot on retests, if dips attract renewed accumulation, and whether a second wave of volume can propel DOGE toward fresh short-term highs.