Dogecoin Breaks Above $0.15, Establishes Continuation Zone
Dogecoin (DOGE) surged past $0.15 on Tuesday, resolving its multi-session compression and marking the first meaningful momentum shift in days as Ether climbed 8%. The breakout, backed by strong volume, was driven by targeted buying across the meme-coin sector amid a broader crypto market rally, giving DOGE relative strength into the close. The move sets up a clear continuation zone, provided bulls hold the mid-range pivot recently reclaimed.
Market Context
- No token-specific catalysts; the rally followed selective risk-on flows in major memecoins.
- Broader crypto markets saw relief buying as CD5 cleared near-term resistance.
- Traders rotated into high-beta assets after weekend volatility.
- ETF coverage remains focused on Bitcoin and Ethereum, leaving DOGE flows largely technical.
Price Action Summary
- Breakout began at 15:00 GMT, clearing resistance at $0.1424.
- Volume peaked at 1.75 billion during the 16:00 hour as price reached $0.1522.
- Support formed at $0.1463, confirming the breakout structure.
- Higher lows persisted even as volume eased, indicating sustained relative strength.
Technical Analysis
- Break above the descending trendline confirms short-term bearish reversal.
- Consolidation band at $0.1509–$0.1513 followed a 1.7% pullback.
- Key breakout level: $0.1550; psychological pivot: $0.1500.
- Support stack: $0.1463 and $0.1424; breaches could invalidate the setup.
- Total session range expanded to $0.0132 (8.7%), signaling early-stage trend change.
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