Saad Ullah
Dogecoin (DOGE) is back in the spotlight after a sharp upward move caught the attention of traders. DOGE has staged a significant 1-hour breakout — pushing from $0.15663 to $0.17255 in a matter of hours. This sudden spike hints at renewed bullish interest in the popular meme coin.
The move comes after a multi-day downtrend, followed by a clear reversal and breakout through key resistance levels.
DOGE Price Breakout Confirmed on 1H Chart
As shown on the CoinEx trading chart, DOGE surged from a local low of $0.15663 to a session high of $0.17255 on July 2nd. This breakout candle occurred with strong volume and cut decisively through the 7-period and 30-period moving averages (MA7: $0.16634, MA30: $0.1610), signaling a clear change in short-term momentum.
DOGE is now trading around $0.1713, consolidating just below the breakout peak. The 1-hour structure has turned bullish with support levels forming around $0.1685.
What to Watch Next for DOGE
Technical traders are eyeing a potential continuation if DOGE maintains support above the $0.1645–$0.1685 zone. A break above $0.1725 could open the path toward the next resistance zone near $0.175–$0.180.
With momentum building and volume increasing, Dogecoin (DOGE) is showing signs of life after a period of consolidation. While traders should stay alert for potential volatility—especially around resistance—this 1-hour breakout could signal the beginning of a fresh upward leg. As always, risk management and close monitoring of key levels will be essential in the days ahead.
Saad Ullah
