- Price Dogecoin broke through long-standing resistance at $0,1119 and returned to the top 10 cryptocurrencies by market capitalization, albeit in last place.
- This jump was accompanied by a large increase in trading volume.
A sharp increase in trading volume Dogecoin It makes one dream that this could be the beginning of a movement that could shake up the entire altcoin market.
April 4 DOGE rate rose from $0,1075 to $0,1119, breaking through the $0,109 resistance barrier that had held the price capped for several trading sessions. This surge took the form of a single, powerful impulse with high trading volume, rather than a gradual increase.
Home kriptovalyuta and became a trigger for the growth of DOGE, since at the beginning of the Asian trading session the BTC rate surpassed the $80,000 mark.
DOGE 24-Hour Price (Data from CoinGecko)
CoinGecko data shows that DOGE’s daily trading volume has risen 122% to $35 billion. This figure indicates activity from institutional investors rather than retail traders.
The price is currently consolidating near $0,111, just above the breakout zone. Against this backdrop, the RSI continues to rise, narrowing the timeframe until the current momentum becomes overextended.
The key shift was DOGE’s breakout of $0,109, and maintaining the price above this level will maintain the bullish sentiment of this trading pattern. Since this level has served as resistance for several trading sessions, its transformation into support is significant.
The short-term structure looks flawless: higher lows are forming, a strong uptrend is in sight, and there’s no aggressive pullback. All of this suggests that sellers aren’t exerting pressure yet.
The next resistance level is $0,114. If DOGE breaks through it on high volume, the momentum could rapidly increase. However, if the price closes below $0,109 in the coming day, the breakout will be false, and prices will return to their previous trading range.
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