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Dogecoin Rebounds 11% on Quadrupled Volume, Tests $0.22 as Breakout Setup Builds

Institutional inflows set up a potential push toward $0.24–$0.25 if price holds above $0.22.

Overview

  • DOGE climbed from roughly $0.19 to $0.21 within 24 hours, peaking near $0.22 as trading volume jumped to about 2.54 billion, roughly four times the daily average.
  • Institutional trading desks led the move, with momentum gauges such as MACD and RSI turning bullish and late-session price action consolidating above $0.21.
  • Key levels now center on support near $0.19 and resistance at $0.22, with sustained daily closes above $0.22 pointing to targets around $0.24–$0.25.
  • A bullish pennant on the 4-hour chart signals scope for a short-term advance of roughly 19% toward $0.25, while a drop below $0.20 could invalidate the setup.
  • CoinGlass reported about $440 million in net outflows from exchanges over 10 days, and a broader crypto rebound followed comments by President Donald Trump that eased tariff concerns.