Dogecoin Jumps After Rollercoaster Weekend Price-Action

Dogecoin staged a sharp recovery following a dramatic weekend selloff, during which the token plummeted to a low of $0.143 before rebounding above $0.153. The move came amid surging trading volume — over five times the daily average — confirming buyer interest at critical support levels and hinting at a potential momentum shift as broader markets remain turbulent. News Background Global macroeconomic uncertainty continues to rattle digital assets. Geopolitical tensions and trade disputes between major economies have amplified volatility across risk markets. Meanwhile, inflation concerns and ongoing scrutiny of Federal Reserve monetary policy have contributed to cautious sentiment in crypto. DOGE’s latest bounce came during a period of intense selling pressure, but strong volume-backed support at $0.145 appears to have triggered a reversal. Despite being a high-beta asset, Dogecoin’s recovery from its local lows suggests resilient market structure — particularly given the broader weakness seen across altcoins. Technical analysts are closely watching whether DOGE can sustain its momentum above $0.153 and break through short-term resistance as bullish volume accelerates. Price Action DOGE posted a volatile 9.1% range over the 24-hour window, falling from $0.157 to $0.143 before rebounding to close near $0.153. Most dramatic selling occurred during hours 13–14, where volume spiked to over five times the average, establishing a firm floor at $0.145. In the final hour of trading, Dogecoin surged from $0.152 to $0.153, with a notable breakout above $0.153432 occurring after 04:58. Volume surged again at 05:11 (10.7M), confirming buyer strength and pushing DOGE to a new local high. Technical Analysis Recap DOGE dropped from $0.157 to $0.143 and rebounded to $0.153 — a 9.1% swing. Volume during 13–14 hour spike exceeded 5x daily average, confirming support at $0.145. Uptrend formed with clear higher lows from $0.145 to $0.152. Breakout above $0.153 resistance occurred after 04:58, pushing price to $0.153432. Volume surge at 05:11 (10.7M) confirmed breakout strength. Final hour showed sustained bullish momentum and strong consolidation above $0.152. Price action now targets the $0.155–$0.158 zone, with $0.145 holding as key support.

Source: CoinDesk