Dogecoin rose 5.2% to $0.1811 on Tuesday as institutional buying accelerated through the key $0.1800 resistance level.
The move came amid heightened risk sentiment after U.S. President Donald Trump’s weekend comments in which he called non-tariff supporters “fools” while pledging to use tariff revenue to fund $2,000 in dividends to Americans — remarks that spurred a rotation into speculative assets and risk trades.
News background
- DOGE’s breakout coincided with a rebound in meme-coin sentiment across major exchanges. The sector attracted renewed attention as traders reallocated to higher beta tokens following a four-day consolidation.
- Volume rose to 649.5 million, marking a 180% increase over the 24-hour average, confirming institutional accumulation during the move. The rally pushed the DOGE decisively through the $0.1800 resistance – a level that had limited upward momentum since early October.
- Macro context added further intrigue. Trump’s populist remarks reignited expectations of looser fiscal conditions and higher domestic liquidity — themes historically correlated with speculative risk appetite in digital assets.
- Traders cited parallel inflows across DOGE and SHIB markets, indicating coordinated rotation into meme-linked assets.
Summary of price action
- DOGE advanced from $0.1722 to $0.1811 and traded within a $0.009 range, marking its strongest intraday extension in over a week. Buyers repeatedly defended the $0.1742 level before initiating a rally through $0.1800.
- The breakout materialized during the morning session in New York as volume surged, confirming institutional execution across key trading pairs.
- The price peaked at $0.1826 before encountering near-term resistance. A minor pullback to $0.1804 followed, forming the first retest of the breakout zone.
- Hourly charts revealed strong accumulation volume at intermediate levels, suggesting that structural support has shifted higher.
Technical Analysis
- The break above $0.1800 validates a short-term bullish reversal pattern after a multi-session base building phase. Momentum indicators remain constructive, with the RSI trending higher near 61 and the MACD crossing into positive territory.
- Volume analysis shows accumulation patterns dominating the early session, while surges in the late hours to 24 million. hourly turnover (≈300% above average) reflected profit-taking rather than structural weakness.
- Chart structure confirms higher lows of $0.1745, $0.1761 and $0.1782 – the defining characteristic of an ascending channel. DOGE is now trading solidly above its 20- and 50-hour moving averages, underscoring the strength of near-term momentum.
What traders should know
- DOGE’s ability to hold above the $0.1800-$0.1804 support zone will determine whether the breakout develops into a sustained uptrend.
- A confirmed daily close above $0.1838 resistance could open upwards towards $0.1860–$0.1900.
- Failure to sustain current levels risks a pullback towards $0.1740-$0.1750, although institutional accumulation suggests declines may continue to attract buyers.
- Analysts highlight the meme coin sector as a budding speculative proxy amid macro uncertainty. Trump’s renewed fiscal rhetoric adds another potential volatility driver — one that could amplify flows into high-beta digital assets if political optimism continues into mid-November.
