- DOGE reclaims support, eyes $0.25 resistance zone
- RSI hits 75, signaling strong buyer momentum
- Government boost fuels 300% volume spike in DOGE
Dogecoin (DOGE) is once again capturing market attention following a surge in trading volume and emerging bullish signals on technical charts. Analysts using smart money frameworks suggest DOGE may be entering a strong upward trend. With its price structure aligning for a move, traders are watching closely as the asset approaches key resistance zones.
Smart Money Patterns Suggest DOGE Reversal is Underway
Crypto analyst David Perk recently shared an analysis based on the Candle Liquidity Sweep (CLS) and Order Block (OB) model. According to Perk, DOGE completed a three-month CLS sweep, where the price dropped below key support to trigger liquidity. This setup often indicates that large players are absorbing sell pressure to build positions.
DOGE also re-entered a key Order Block, representing the last bullish candle before a major decline. This zone is seen as a re-accumulation point, where institutional traders may be reloading positions after removing short-term holders. Perk noted a Change in Orderflow Direction (CIOD), a metric used to detect a shift from selling to buying pressure.
If volume continues to expand and DOGE holds above $0.145 support, analysts expect a retest of the $0.23–$0.25 zone. A breakout from that level could set the stage for a broader move, potentially toward the long-anticipated $5 range over time.
Volume Spike and Government Mention Add to Bullish Case
DOGE saw renewed buying interest after a U.S. government retweet referenced its involvement in a defense-related initiative. The announcement caused DOGE to spike from $0.15 to $0.22 in minutes, with trading volume jumping over 300%. This drew attention from traders and automated strategies.
Technical indicators further support the bullish shift. The Relative Strength Index (RSI) rose from 50 to 75, while a MACD crossover confirmed upward momentum. Exchange data showed a combined 350–400% increase in trading activity on Binance and Coinbase. On-chain metrics also confirmed rising engagement, with DOGE active addresses reaching 250,000.
DOGE is now consolidating above strong support. With volume, sentiment, and technicals aligned, traders are eyeing a breakout past $0.25, which could set the stage for a multi-phase rally toward $5.
