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Uptober Boost: DOGE Rockets 11% in a Week, More Ahead?

Doge price chart

Dogecoin (DOGE) was buying and selling round $0.26 at press time, having gained 7% during the last 24 hours and 11% over the previous seven days. This value motion is popping heads as October begins with some hints of the momentum being a little stronger.

Daily Breakout Signals Shift

Analyst Trader Tardigrade reported that DOGE closed above a descending resistance trendline on the each day chart. The transfer was confirmed by the Relative Strength Index (RSI), which additionally broke above its downtrend.

Doge price chart
Source: Trader Tardigrade/X

Notably, the each day candle shut above resistance is the primary clear sign of a potential pattern shift. Tardigrade described it as “a robust begin for Uptober,” pointing to renewed momentum after weeks of sideways motion.

On the 8-hour chart, Tardigrade highlighted a repeating setup the place tight consolidation phases have been adopted by sharp breakouts. Previous examples in July and mid-September led to robust upward strikes.

The most up-to-date consolidation round $0.23 has now damaged upward. Projections from the chart counsel DOGE might check the $0.34 stage if the identical construction repeats.

Higher Lows Add to Bullish Case

Daan Crypto Trades famous that DOGE has been forming larger lows because the April 2025 backside. The meme coin is buying and selling above the 200-day EMA ($0.22) and 200-day MA ($0.203), with each ranges performing as dynamic help.

He explained,

“$DOGE held the place it ought to have and put in a larger low identical to most majors.”

Resistance ranges sit at $0.39688 and $0.43481, making them key zones to observe if DOGE continues its sample of upper highs and better lows.

Doge price chart
Source: Daan Crypto Trades/X

Futures Data Shows Steady Build-Up

Byzantine General noticed that DOGE is sustaining larger lows on the futures chart, supported by a gradual rising trendline. They commented,

“I simply realised that $DOGE is making larger and better lows… Maybe DOGE is cooking one thing.”

Supporting metrics present open curiosity has eased, decreasing leverage in the market. Funding charges throughout exchanges stay balanced, whereas buying and selling volumes are regular however decrease than late 2024 peaks. Liquidations stay contained, indicating fewer compelled sell-offs.

Doge price chart
Source: Byzantine General/X

By this mixture, DOGE is amassing momentum, with the bottom tending to be extra steady as each spot value motion and futures information level towards growing potential for an prolonged rally.

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