- DOGE Surges 23.5% After Triangle Breakout
- RSI Hits 72, MACD Confirms Bullish Setup
- 1.5B DOGE Traded as Pairs Gain Momentum
The cryptocurrency broke above $0.10 resistance level through an ascending triangle formation during April 22, 2025. The price breakout triggered enhanced market trading activities while different exchange pairs gained traction due to rising trader and market participant enthusiasm.
DOGE Confirms Breakout Above $0.10 in Ascending Triangle
As noted by Trader Tardigrade on April 22, Dogecoin broke above the $0.10 resistance level that had capped price action for weeks. The move confirmed the final phase of an ascending triangle pattern that began forming in late March on both daily and hourly charts.
The value of DOGE surged by 23.5% over a single day which elevated the price from $0.085 to $0.105. The move was supported by more than 1.5 billion DOGE traded across exchanges like Binance and Coinbase. This trading volume rise of over 40% from the day before signals growing participation.
The breakout also influenced meme coin sentiment, with tokens like Shiba Inu and Floki registering buying activity during the same period. DOGE’s movement aligned with a broader interest in altcoins as Bitcoin and the overall crypto market showed strength.
Technical and On-Chain Metrics Confirm Market Strength
The Relative Strength Index measured at 55 on April 22 reached 72 on the same day which indicated heightening buying interest. The Moving Average Convergence Divergence (MACD) indicator also recorded a bullish crossover as the MACD line moved above the signal line, further supporting the trend.
At the same time, Glassnode reported a 15% rise in active addresses and a 20% increase in transaction volume on the Dogecoin network. These on-chain signals point to increased activity and interest from both new and existing users.
Dogecoin also recorded gains across other trading pairs. The DOGE/BTC pair moved from 0.0000025 BTC to 0.0000030 BTC, and volume on the DOGE/ETH pair rose by 30%. These numbers support the potential for DOGE to reach $0.195 if current momentum continues.
