Usman Salis
⬤ Dogecoin broke through a critical resistance point after climbing past $0.154 on the short-term chart. DOGE might dip back to retest this level as support—a typical move after breakouts. Right now, Dogecoin is trading around $0.156 after pushing into the marked resistance zone.
⬤ The chart shows DOGE rallying from under $0.150 and crossing above both the 50-period moving average and a key horizontal reference line. The breakout sent the price straight into the upper resistance block, where it's now holding steady. Trading volume jumped during the spike, which lines up with a solid break above resistance. The pattern hints that a pullback toward $0.154 could happen before we know if the momentum will stick.
⬤ A sustained climb from here would confirm that Dogecoin's relief rally is actually underway. The chart backs this up, with DOGE pressing against the top of the resistance band. Moving averages are sitting below the current price, and the breakout zone is clearly marked. Traders are watching closely to see if Dogecoin can stay above the level it just reclaimed.
⬤ This matters because when resistance flips to support, it often shifts short-term sentiment across crypto markets. Dogecoin's move above $0.154 and its effort to hold that level could boost confidence among traders looking for early signs of stabilization. If support holds and DOGE keeps climbing, focus will turn to the next resistance zones above, building the case that a relief rally is taking shape.
Usman Salis
