Here’s the scoop on Dogecoin’s latest pump:
What’s Fueling the Pump?
1. Technical breakout
The DOGE price broke above a key intraday resistance around $0.19–$0.192, backed by strong volume. One bullish setup identified entry targets near $0.198 and $0.205, with a tight stop-loss around $0.186 .
Binance analysts also observed a classic ascending structure forming above $0.180–$0.187, suggesting momentum is building for a sustained rally once it clears $0.188–$0.192 .
Key Levels to Watch
Support: Near $0.186–$0.188 — a break below could stall the rally.
Resistance: Immediate barrier at $0.198–$0.205 — surmounting this may pave the way toward $0.22+.
*Caution, Though
Some analysts warn current price is still below major moving averages (7/25/99 EMA), so underlying structure may remain shaky .
Technical indicators like MACD and RSI aren’t fully bullish— a reversal could trigger another dip if price fails to sustain current levels