Dogecoin mounted a precipitous comeback after a weekend selloff drama, in which the token had dropped to an all-time low of $0.143 before recovering above $0.153.
The rally came against a backdrop of exploding trading volume â more than five times the daily average â which reaffirmed buyer willingness at key support levels and suggested a possible momentum reversal as wider markets continue to be unstable.
News Background:
⢠Global macroeconomic uncertainty remains to unsettle digital assets. Geopolitical tensions and trade tensions among major economies have magnified risk market volatility.
⢠In the meantime, inflation fears and constant criticism of Federal Reserve monetary policy have added to restrained sentiment in crypto.
⢠DOGE's recent bounce occurred when there was intense selling pressure, but solid volume-supported support at $0.145 seems to have catalyzed a flip.
⢠It may be a high-beta asset, but Dogecoin's rebound from its local lows indicates strong market structure â specifically considering the overall weakness registered among altcoins.
⢠Technical chartists are paying close attention to whether DOGE can maintain momentum above $0.153 and overcome short-term resistance as bullish volume picks up pace.
⢠DOGE registered a volatile 9.1% 24-hour range, dipping from $0.157 to $0.143 before reversing to close around $0.153. The most frenetic selling took place between hours 13â14, when volume surged to more than five times average, setting a solid floor at $0.145.
⢠In last hour of trading, Dogecoin rose from $0.152 to $0.153, and a key breakout above $0.153432 was seen after 04:58. Volume jumped again at 05:11 (10.7M), reaffirming strength from buyers and driving DOGE to a fresh local high.
Technical Analysis Recap:
⢠DOGE fell from $0.157 to $0.143 and rallied back to $0.153 â a 9.1% swing.
⢠Volume on 13â14 hour spike crossed 5x daily average, reaffirming support at $0.145.
⢠Uptrend established with distinct higher lows from $0.145 to $0.152.
⢠Break above $0.153 resistance came following 04:58, driving price to $0.153432.
⢠Volume spike at 05:11 (10.7M) reinforced breakout strength.
⢠Last hour recorded sustained bullish drive and robust consolidation above $0.152.
⢠Price action is now looking to the $0.155â$0.158 area, with $0.145 remaining key support.
