DOGE price surges 7% as a double-bottom break sparks dogecoin rally
Dogecoin rallied over 6.6% after breaking the $0.121 resistance, completing a double-bottom pattern on strong volume.Summary
Dogecoin (DOGE) climbed to $0.126 after buyers decisively cleared the $0.121 resistance level on the strongest volume in weeks, signaling a healthier market move supported by spot activity rather than just derivatives.
Technically, DOGE rose 6.6% from $0.1185 to $0.1263, completing a double-bottom base around $0.120–$0.121. The breakout occurred on 1.23 billion tokens traded, about 183% above the daily average. The rally established a clean higher-low sequence and consolidated above $0.1245, suggesting a healthy breakout profile.
Traders are now focused on whether buyers can defend the reclaimed level. If DOGE holds above $0.1245–$0.125, it has room to target the next supply zone at $0.132–$0.134. However, losing $0.1245 risks a failed move back toward the prior base at $0.121.
(Source：CoinDesk)