DOGE's volume broke through 0.15 dollars, is this a real breakout or a false signal?
After several days of grinding in a narrow range, today it surged directly past 0.15 dollars. The trading volume exploded, reaching a peak of 1.75 billion in a single day, and market sentiment is clearly shifting. Interestingly, ETH also rallied by 8 points, indicating that funds are starting to rotate into meme coins and mainstream cryptocurrencies.
The price peaked at 0.1522, and after a pullback, it stabilized at 0.1463, forming a temporary support structure at this level. It has now risen to 0.14833, and the key point to watch is whether it can hold above 0.1500 — if the volume continues to support it, testing 0.1550 is not impossible. However, if the volume decreases and it falls back, this breakout might just be a false move. In the short term, focus on the volume-price correlation, and don't just look at the candlestick chart. $DOGE
