- DOGE Confirms Breakout With 3.5B Volume Spike
- RSI Hits 68 as Bullish Momentum Builds Fast
- AI Bots React to DOGE Surge With 10% Uptick
Dogecoin (DOGE) recorded a key technical move on April 21, 2025, as its 4-hour candle closed above the upper boundary of a triangle pattern. This breakout, identified by Trader Tardigrade on X (formerly Twitter), came at a price of $0.15 and was supported by strong volume. Market watchers are now closely tracking this development for signs of a sustained trend.
Breakout on the H4 Chart Signals Momentum Shift
The breakout was established at 15:00 UTC when Dogecoin’s H4 candle moved past the triangle pattern to show price movement from consolidation. Within the first hour following the move, Dogecoin’s price reached $0.16, with over 2 billion DOGE traded during the initial breakout window.
Trading volume continued to increase through the day. Between 16:00 and 17:00 UTC, another 1.5 billion DOGE changed hands, according to Binance. Technical indicators indicated the price was headed upward. The Relative Strength Index (RSI) stood at 68, while the Moving Average Convergence Divergence (MACD) showed a bullish crossover.
On-Chain Metrics and Trading Pairs Reflect Rising Activity
Glassnode data shows a 15% increase in active addresses over the 24 hours before the breakout. This indicates more user activity on the network. Blockchain.com also recorded a 20% rise in Dogecoin transaction volume, supporting the pattern of growing interest in the asset.
DOGE trading pairs saw notable activity. Kraken reported a 10% rise in volume for both DOGE/BTC and DOGE/USDT trading pairs on April 21. Open interest in Dogecoin futures also climbed, suggesting more traders were entering long positions.
The price breakout has also affected related markets. Meme coins like Shiba Inu rose 7% during the same timeframe. Meanwhile, CoinGecko data showed a 10% uptick in AI trading bot activity on DOGE, pointing to increasing algorithmic involvement.
