#Massive 46% Volume Jump for DOGE: Rebound on the Horizon?
Dogecoin (DOGE) has seen trading volume explode to $1.05 billion in the past 24 hours, marking a staggering 46% surge, while the price remains around $0.17–$0.18—a modest 1–2% uptick . This surge in activity could mark the start of renewed bullish momentum, even though recent swings have been muted.
📈 What the Numbers Mean
Volume spike vs. price action: Despite the dramatic rise in volume, DOGE’s price has stalled in the $0.17–$0.18 range, suggesting accumulation without aggressive buying. This often precedes a sustained move once momentum aligns .
Technical bounce from support: DOGE recently tested its $0.17 support for several days before stabilizing. The rebound is supported by bullish signals in RSI and MACD, as highlighted by The Crypto Basic .
Triangle pattern retest: As noted on Bitrue, DOGE is currently testing long‑standing support within a symmetrical triangle pattern.
🔧 Technical Indicators & Chart Patterns
Bullish RSI and MACD crossover: Following oversold conditions near $0.17, both RSI and MACD are turning bullish, suggesting potential upward momentum .
Symmetrical triangle at a pivot: DOGE is coiling within a triangle—a breakout above or breakdown below could determine the next directional move .
Bear case: key support matters: If DOGE fails to hold $0.17 in the near term, it may revisit lower support levels between $0.15–$0.16 .
💡 Two Scenarios to Watch
Scenario Bullish Bearish
Price Action Break above triangle + daily candle closes above $0.18–$0.19 Breakdown under $0.17 support
Volume Sustained, higher-than-average volume continuation Volume dries up or reverses sharply
Momentum Signals MACD bullish crossover confirmed, RSI continues rising RSI retreats and MACD turns back down
Bullish target: If breakout occurs, DOGE could aim to reclaim $0.20, with potential to test higher resistance near $0.21–$0.22 .
Bearish risk: A breakdown might push DOGE toward $0.15, where the next key support lies ..