Dogecoin trades at $0.2227 with a 24-hour volume of $2.59B, reflecting high market participation.
$DOGE maintains higher lows, with $0.6533 as the breakout target, signaling a potential 170% rally.
A move above $0.6533 may extend toward $1.25, attracting buyers at a key psychological level.
Dogecoin price is at $0.2227, down 4.76% in the last 24 hours, while higher lows continue to support breakout targets.
Market Structure and Higher Lows
Dogecoin has been displaying a bullish pattern by sustaining new higher lows, which are one of the indicators of strong buyer interest. This pattern suggests that the buyers are getting into the market during the retracements continuously and it does not allow stronger falls. The pattern reflects accumulation and preparation for possible continuation moves.
The chart shows Dogecoin breaking out from a prolonged downtrend capped by descending resistance. Since then, the asset has been defending this breakout level effectively. The maintenance of higher lows within this structure has created confidence that bullish continuation remains in play.
Crypto analyst JavonMarks noted, “With $DOGE continuing to hold Higher Lows, sights are still on a major continuation move towards the $0.6533 breakout target!” This remark emphasizes the structural strength supporting the bullish case.
https://twitter.com/JavonTM1/status/1957241076302975062
Breakout Target and Price Action
The breakout target at $0.6533 has been derived from the measured move of the previous breakout structure. Based on current market conditions, this level remains a valid objective, with buyers keeping their focus on achieving it.
If Dogecoin continues to hold higher lows, the market could stage a rally toward this level. A move to $0.6533 from current prices would represent a 170% gain, drawing attention to the scale of the possible advance.
Even with recent corrections, Dogecoin has maintained the breakout structure. The continued defense of prior resistance levels strengthens the technical case for pursuing higher targets in the medium term.
Potential Move Beyond $0.6533
The immediate target of the breakout is at the level of (0.6533), but an additional push beyond this point might be expected. In a situation like this, the prices might breach in the direction of the 1.25 figure, a psychological and liquidity-oriented area for traders.
The 1. 25 zone is a zone of strategic interest with both long-term investors as well as those taking breakouts expecting prolonged profitability. Breaching this level would mark a considerable continuation wave, signaling renewed market strength for Dogecoin.
As of writing, Dogecoin is at the price of $0,2227 and the trading volume in the last 24 hours is 2,599,071,317. This is indicative of market activity in spite of a 4.76 percent drop daily and 6.65 percent downwards turnover since the last 7 days.
