Dogecoin {{DOGE}] jumped 4.8% over the past 24 hours, climbing from 18 cents to 19 cents amid renewed bullish momentum and significant trading volume.
The rally, marked by a V-shaped recovery from key support levels, is indicative of DOGE’s resilience as it attracts attention from both retail and institutional investors.
News Background
Price Action
Dogecoin’s rally was highlighted by a dramatic price surge during the 11:00-13:00 window, where volume spiked to 541 million and 589 million units respectively — more than double the average.
The surge established a strong high-volume resistance zone at $0.198-$0.199. DOGE’s price bounced decisively from $0.194 support, forming a V-shaped recovery pattern with renewed buyer interest.
Technical Analysis Recap
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