Trading volume surges 129% as DOGE holds key support, analysts eye a breakout if momentum builds.
Dogecoin ($DOGE ) is once again sitting in a price zone that has historically triggered massive rallies. The coin is testing the lower boundary of its long-term ascending channel — a trendline that has acted as a springboard for major bull runs in 2017 and 2021.
History Repeats? DOGE Holds Strong Support
Analysts note that in previous cycles, each time $DOGE touched this lower trendline, it launched huge rallies — 9,237% in 2017 and 13,337% in 2021. In early 2025, DOGE bounced from $0.06 to over $0.20, and it’s now consolidating just above $0.22.
Trading volume has jumped 129% in 24 hours to $2.77 billion, reflecting renewed interest from both retail traders and big investors.
Technical Signals Point to Accumulation
The Relative Strength Index (RSI) is at 47, a neutral zone where reversals often start. Analysts believe that if RSI breaks above 50, momentum could shift into breakout mode.
Key levels to watch:
Resistance: $0.247, $0.34, $0.45
Support: $0.1890 (strong base from past rallies)
With market sentiment improving and $DOGE holding its historical support zone, analysts believe the stage could be set for another explosive rally — if buying pressure continues to build.