Technical Bounce: DOGE completed a second touch on a major ascending trendline, a classic bullish signal.
Volume Spike: Trading volume surged 151%, reaching $1.61B—often a precursor to strong price movement.
Market Sentiment: Investor optimism is high, echoing previous rally patterns and suggesting a potential move toward 2025 highs.
Dogecoin is back in the spotlight as bullish signals align across both technical charts and market activity. The meme coin, the most popular crypto coin of the year so far, has recently accomplished a huge technical achievement, which has revived investor interest in a sharp price spike. Backed by surging trading volume and renewed market interest, DOGE has climbed over 7% in just 24 hours. Analysts now suggest the stage may be set for a major upward breakout, echoing past explosive moves.
Strong Technical Setup Signals Bullish Continuation
According to Trader Tardigrade, Dogecoin ($DOGE) has completed its second touch on a key long-term ascending support level on the weekly chart, signaling a potential bullish continuation. The technical setup, highlighted by a series of red arrows and a clearly defined green trendline, suggests that the price has respected this upward trajectory twice, a critical confirmation point often watched by traders for trend validation. The reaction from this level previously sparked significant upward momentum, adding weight to the idea of a potential surge.
This chart shows that Dogecoin has recovered after the support line several times already, with subsequent high runs, but at none was the increase as sharp as the one in the middle of 2025. That second bounce is in the books, and the market mood is getting bullish again with the possibility of reaching the old highs.
The technical pattern, along with more general optimism in the crypto market, has seen speculation about the potential impending breakout, as is suggested by the energy of the rocket emoji and explosion prediction in the comment of a trader. Volume confirmation and resistance testing will now be keenly looked into by the investors and analysts in the forthcoming weeks.
Market cap and volume sweep make the uptrend stronger.
Over the last 24 hours, Dogecoin has appreciated by 7.05% to stand at $0.1718, during the press time achieving an accelerating market momentum after significantly growing in volume of trading. Backed by the information as provided by CoinMarketCap, the 24-hour trading reserves skyrocketed by more than 151% to a total of 1.61 billion dollars, which points to new investor interest that may indicate the beginning of a bullish period.
The price appreciation has also translated into the market cap increasing to 25.76 billion dollars. This is an increase in light of a powerful technical rally from long-term support previously emphasized in my analysis and may be caused by the swelling retail demand and speculative interest awarded to meme coins. Investors would now observe whether Dogecoin would be able to maintain this rally or be able to breach important resistance lines in future sessions.
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