๐๐ผ๐ด๐ฒ๐ฐ๐ผ๐ถ๐ป ๐๐ฟ๐ฒ๐ฎ๐ธ๐ $0.20 โ ๐๐ฎ๐ป ๐๐๐น๐น๐ ๐ฃ๐๐๐ต ๐๐ผ $0.36?
โ Dogecoin (DOGE) has jumped 12.3% in 24 hours, smashing past the tough $0.20 resistance and now trades around $0.23924. This surge is backed by a big rise in volume and on-chain signals pointing to more upside.
๐ Whatโs Driving the Move?
Volume spike: Daily trading volume rose +43.6% to $4.48 billion, showing fresh demand.
Market cap: Climbed to $35.52 billion, up almost 13% โ a sign of growing investor confidence.
DOGE broke its short-term ceiling and is now testing the next hurdle at $0.2363.
๐ Key Technical Zones
โ Support: Around $0.2085 โ price stayed above this during the last dip, so traders see it as a safety zone.
โ๏ธ Immediate resistance: $0.2363 โ price is now very close; this may decide if momentum continues.
๐งฑ Major resistance: $0.36 โ historically many holders bought here, so some may sell if price gets back to this level.
Breaking $0.2363 and holding it as new support could clear the road to test $0.28โ$0.30, and then maybe $0.36.
๐ On-Chain Insights (Simple View)
URPD data from Glassnode shows lots of DOGE was bought near $0.08 (long-term holders).
Another cluster at ~$0.20 acted as resistance, but DOGE broke above it.
Large historical cluster at $0.36 could be the next big barrier.
๐ง What Traders Should Watch Next
โ If price stays above $0.2363 โ bulls likely remain in control.
โ If DOGE falls below $0.2085 โ could see a correction to ~$0.19โ$0.20 area.
๐ Watch volume: rising volume on upward moves = healthy rally; falling volume = potential weakness.
๐ Summary
Dogecoin is showing strong buyer interest and broke above $0.20 for the first time in weeks. Next step: see if it can hold above $0.2363 and push toward $0.28โ$0.36. Traders should keep an eye on support at $0.2085 and overall market sentiment.
