Dogecoin Rallies Hard: Can Meme King Hit $0.15?

Dogecoin jumped 8% and involved huge institutional volume. Technical indicators point to a $0.15 target with memecoin ETF trading fueling crypto markets.

Dogecoin shot past resistance lines. The memecoin brought its most significant breakout in weeks. Price rose up 8% in the 24-hour session, gaining between $0.1359 and 0.1467.

The volume in trading was 1.37 billion tokens. This was 242 percent higher than the average of 24 hours. The session price activity was dominated by institutional flows.

Meme Sector Catches Fire

The memecoin strength was broader at the same time as the surge. The new development of ETFs ignited a new wave of activity in the industry. DOGE traded in a total of 9.3% with several high low points.

AltcoinPioneers on X indicates that Dogecoin is in the process of testing a huge five-year falling wedge chart on the three-week chart. The technical analysis indicates price movement on key resistance points. Volume trends indicate the build-up before a possible explosive action.

Source : AltcoinPioneers on X

The important resistance of 0.1475-0.1480 was retested several times. During the session, bulls were constantly pressing. The breakout structure was not destroyed even when there were short periods of consolidation.

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Technical Setup Turns Decisively Bullish

DOGE burst through its multi-session ceiling and has been stitching higher lows consecutively on the $0.1347 base. The clearest confirmation of the month’s volume was triggered by the 15:00 breakout candle. Retail-based volatility was substituted by institutional accumulation.

The trend is in agreement with the upper limit. The clearing of the $0.1475-0.1480 zone creates an opening. The second band of high liquidity is at 0.1500-0.1520.

Several hourly candles closed over previous resistance. This strengthened the structural change. Trend indicators facilitate extension of the trend.

Volume profile report indicates that a very strong node is formed between 0.145-147. It is at these levels that bulls laid a strong foundation. The site is at rapid rejection with a price of 0.1477, indicating the absorption of supply.

As mentioned on X, AltcoinPioneers emphasized that the configuration resembles earlier cycles. The analyst observed clean touches of wedge resistance and strong weekly higher lows. RSI disrupts years of downward trend.

Sustained institutional presence is supported by high hourly volumes of more than 17.4 million. Follow-through requires this volume. The technical organization favors the upside bias.

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Five-Year Wedge Signals Major Breakout Potential

Historically, according to AltcoinPioneers on X, there is massive upside ahead. The analyst wrote that the first measured move was set at $0.48-0.60, which is a gain of more than 200%. Other targets hit $1.00 -1.30 psychological levels.

The trend displays disguised bullish divergence on MACD. This technical indicator supports the bullish argument. Only under a weekly close of less than 0.10 is invalidation possible.

The five-year wedge is a significant structure. Price action hit resistance five times. Volume fell precisely where it was supposed to, and then breakouts.

Later 60 60-minute data indicated continued buying pressure. DOGE soared on a sharp spike to 17.4 million, most of it at 02.12. The token consolidated momentarily following the clearing of the $0.1475 zone.