Dogecoin Zooms 11% as DOGE Buying Volumes Quadruples
Dogecoin ripped through resistance on massive inflows, surging 11% in 24 hours to challenge the $0.22 threshold. Institutional desks led the breakout, pushing volume to four times its daily average as momentum indicators flipped decisively bullish. Traders are now watching for confirmation above $0.22 to extend 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 after peaking at $0.22. The move coincided with a surge in institutional activity and a broader rebound across meme-coins. Analysts cited increasing open interest and heavy on-chain accumulation as signs of professional flows re-entering the market.
Price Action Summary
- DOGE traded a $0.02 band, up 11% from its session low.
- Breakout momentum hit during the 13:00–16:00 window as volumes spiked to 2.54 B — 4× the 685 M daily average.
- Support locked in at $0.19 after repeated defenses; resistance formed at $0.22.
- Late-session consolidation above $0.21 held gains, signaling sustained momentum.
- A final burst above $0.22 on 18.6 M volume confirmed continued institutional accumulation.
Technical Analysis
Support at $0.19 remains the key structural floor. Resistance sits tight at $0.22, where multiple attempts are testing supply. The pattern shows an ascending trendline with constructive momentum; MACD and RSI signals remain bullish. Sustained closes above $0.22 would target $0.24–$0.25, while dips back below $0.20 could trigger short-term unwinds.
What Traders Are Watching?
- Whether DOGE can confirm the breakout with a daily close above $0.22.
- Institutional follow-through as volumes stay elevated into weekend trading.
- Momentum continuation toward $0.24–$0.25 resistance band.
- Broader meme-coin rotation flows and ETF chatter supporting sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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