Dogecoin surges further as large holders ramp up accumulation, signaling stronger confidence.

Dogecoin (DOGE) has extended its rally by breaking through key resistance levels, supported by strong trading volume as investors increasingly turn to alternative assets amid ongoing economic uncertainty.

The coin’s price action has consistently formed higher lows and higher highs, with solid support holding at $0.225. Most recently, DOGE breached the resistance level at $0.230, reinforcing its bullish momentum.

Market analysts highlight a “bull flag” pattern developing on DOGE’s charts, signaling the potential continuation of the uptrend. If this momentum holds, targets near $0.65 are anticipated.

Technical Highlights:

Over the past 24 hours, DOGE rallied 6.43%, climbing from $0.218 to $0.230.
The price broke above the $0.220 resistance with volume well above average.
Support at $0.225 was reinforced by strong buying volume exceeding 300 million coins in consecutive hours.
DOGE’s steady advance toward $0.230 confirms sustained bullish momentum.
A volume surge of over 21 million coins at 07:07 helped push the price from $0.229 to $0.230 in the last hour.
Short-term price action shows a series of higher lows with support at $0.229.
Resistance at $0.230, tested multiple times, was finally broken at 08:01 on nearly 10 million volume.

As economic challenges persist, Dogecoin’s technical strength and rising volume suggest it remains a favored option for investors seeking growth opportunities.