DOGE Price Jumps 5% as Volume Explodes 75% Above Average

Dogecoin (DOGE) fought back hard yesterday, gaining 5% while holding strong at the $0.26 support level. Trading volume went through the roof, hitting 75% above normal levels as traders battled it out.

DOGE Price Holds Ground Despite Market Chaos

Dogecoin had a wild ride yesterday, but managed to close 5% higher by July 23 at 05:00 GMT. While global markets were getting hammered by macro fears, DOGE actually showed some serious strength.

The coin traded in a tight range between $0.26 and $0.27 - just a penny difference, but that represented a solid 5% swing. What's interesting is how DOGE initially dropped to $0.26 around 19:00 GMT, then clawed its way back to $0.27 by 23:00 GMT. That's textbook accumulation behavior right there.

But here's where it gets spicy - in the final hour, DOGE was climbing nicely until sellers came out of nowhere and smacked it back down to $0.26. Classic resistance rejection, but the bounce off support was pretty convincing.

DOGE Volume Tells the Real Story

The volume numbers are what really caught my attention. We saw massive spikes of 720.64 million and 717.84 million during the key reversals - that's nearly 75% above the usual 24-hour average of 408.52 million. When you see volume like that, you know something's cooking.

The craziest part was a single-minute volume burst of 10.47 million at 05:06 GMT, right when DOGE got rejected at $0.27 and dropped back to $0.26. That's some serious profit-taking right there.

This kind of volume usually means the big players are positioning themselves. Both the support test at $0.26 and the resistance at $0.27 got validated with real money behind them.

What's Next for DOGE Price?

Right now, DOGE is stuck in this $0.26-$0.27 range, and honestly, that's not a bad thing. The support at $0.26 has held up through multiple tests, while $0.27 keeps acting like a brick wall.

Technical indicators are pretty neutral - RSI is hanging out in the middle, and MACD is basically flat after a recent crossover. Translation: we're in wait-and-see mode.

Here's what traders are watching: Can DOGE finally break through $0.27 with some real conviction? If it does, and we see volume above 750 million backing the move, things could get interesting fast. But if we slip below $0.256, watch out - that could trigger a bunch of stop losses and send us down to test $0.24.

The bigger picture is that DOGE has become the go-to play for traders wanting high-beta crypto exposure. With all the macro uncertainty floating around - trade restrictions in Asia, general risk-off sentiment - meme coins like DOGE are where the action is.

Bottom line: $0.26 support is holding, $0.27 resistance is real, and volume is telling us this range matters. The next 12-24 hours should give us a clearer picture of which way this breaks.