Dogecoin Prints Higher Highs, Offering Short-Term Momentum for Bullish Traders

Dogecoin Holds Strong Amid Liquidation Storm, Breaks Key Resistance with Bullish Momentum

Dogecoin (DOGE) posted a notable gain of 4.29% in the past 24 hours, rallying from $0.173 to $0.180, even as a wave of liquidations swept through the broader crypto market during escalating tensions between Israel and Iran.

The memecoin not only weathered the sell-off but broke through key resistance at $0.177 on elevated volume—signaling growing technical strength and resilience in uncertain market conditions.

📉 Context: Stability in the Face of Volatility

The Israel–Iran conflict triggered sharp drawdowns across risk assets, but DOGE outperformed major altcoins, highlighting its evolution beyond speculative hype.
Elon Musk’s increased involvement with Base, Coinbase’s Layer-2 network, has added a new use case for DOGE: wrapped Dogecoin tokens are now fueling DeFi protocols, drawing both institutional and retail activity.
ETF speculation continues to swirl, with Polymarket data showing a 51% chance of a DOGE ETF approval in 2025. This narrative has supported whale accumulation during periods of weakness.
On-chain fundamentals remain steady: daily active addresses and transaction volume both hold above 2024 averages, signaling consistent network engagement.

📈 Price Action: Bullish Pattern Holds

DOGE is forming a classic uptrend pattern—higher lows and higher highs—with a strong breakout past $0.177.
The token repeatedly tested the $0.17–$0.18 range, ultimately closing near the top of its daily range.
During the final hour of trading, DOGE briefly touched $0.18, encountering resistance near a short-term head-and-shoulders level, prompting light selling into the close.

🔍 Technical Breakdown

24H Gain: +4.29%, from $0.173 → $0.180
Resistance Levels: Strong overhead at $0.179–$0.180; immediate barrier at $0.181
Support Floor: $0.168 remains critical; breach could lead to a potential 30% drop
Volume Confirmation: Spikes of 13M at 19:08 and 18.4M at 19:19 signaled valid breakouts
Recovery Formation: A clear V-shaped rebound was observed after a dip to $0.171
Network Activity: Daily turnover hit $1.05 billion, backed by robust address activity

🧠 Outlook

Dogecoin’s ability to hold key levels during a macro-driven sell-off, combined with growing Layer-2 integration and persistent ETF chatter, suggests that the memecoin is maturing into a more durable market participant. If support at $0.168 holds and broader sentiment stabilizes post-Fed, a break above $0.181 could open the door to higher short-term targets.