- Dogecoin made a textbook rounding bottom and turned a resistance of 0.245-0.255 into a support, and it is ready to continue the next bullish move.
- The bullish structure and entry point is on retest with a clean consolidation above the break-out zone corresponding to the 9-day EMA.
- Breakout volume surged while the pullback volume dropped, adding confirmation that buyers remain in control and momentum favors continued upside.
Dogecoin has successfully completed a classic rounding bottom on the daily chart, flipping resistance into support. This bullish structure, confirmed by surging volume, now sets the stage for a major upward continuation. According to Alpha Crypto Signal, DOGE’s retest of the $0.245–$0.255 zone may present an ideal long opportunity.
Rounding Bottom Confirms Uptrend Reversal
The rounding bottom pattern on DOGE’s chart reflects months of steady accumulation. That breakout above $0.245–$0.255 stands as a definitive wave of sentiment then. Also, the breakout occurred on high volume, confirming the successful convictions.
Currently, the price is consolidating above the reclaimed zone. This area now acts as critical support and aligns with the 9-day EMA at $0.246. A successful retest here may confirm trend continuation and offer solid entry points for traders targeting higher levels.
Significantly, the 50-day SMA lags far below at $0.187, underscoring DOGE’s newfound strength. Hence, the structure favors further upside, with $0.30 as the next logical resistance. Traders should monitor the zone closely for confirmation.
Open Interest and On-Chain Signals Fuel Confidence
Besides the technical setup, Dogecoin’s futures open interest has climbed sharply. @dogegod highlighted that open futures now sit at $3.12 billion. This spike suggests new capital is entering the market and building positions for potential continuation.
Additionally, the recent pullback came on lower volume, a healthy signal in bullish markets. Volume behavior supports the current consolidation as a retest rather than a reversal. Hence, traders remain optimistic, awaiting a bounce from the support region.
Moreover, the 24.62% weekly gain and strong buying pressure highlight Dogecoin’s growing momentum. Despite a -4.78% dip in the last 24 hours, bulls are defending the key levels firmly.
BitOrigin Enters the Dogecoin Ecosystem
BitOrigin Ltd (NASDAQ: BTOG) has added further credibility to Dogecoin’s bullish thesis. The firm recently acquired 40.5 million DOGE as part of its $500M treasury strategy. This marks the first large-scale DOGE accumulation by a Nasdaq-listed entity.
Hence, DOGE is no longer just a meme token—it is becoming part of serious treasury strategies. BitOrigin aims to position itself at the core of decentralized payments and long-term value.
Consequently, Dogecoin is gaining strength both technically and fundamentally. As institutional interest grows and bullish patterns emerge, DOGE appears ready for its next major breakout.
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