Dogecoin traded near $0.1112 on the daily chart following a breakout associated with a bullish MACD divergence. The setup pushed the $0.6533 target into focus, while traders watched nearby Fibonacci resistance levels and support at $0.0885.
The price was also reported at $0.1110 on CoinMarketCap. That data placed Dogecoin’s market cap at $18.87 billion, with a 24-hour trading volume of $1.91 billion. The volume figure rose 129.8%, pointing to stronger activity.
The chart setup showed Dogecoin reacting to a bullish divergence on the MACD. That pattern held for several sessions and stayed under market review. In a post on X, analyst JavonTM1 said DOGE had “begun to respond even more positively” to the divergence.
The same analysis pointed to a near 500% move if the breakout extends. It also marked a higher zone near $1.25 if DOGE clears $0.6533. Even so, the price still needs to break through several resistance levels first.
Dogecoin remains far below its previous cycle range near $0.30. As a result, buyers still need to show strength through daily closes above key levels. The chart also showed the token trading below the key Fibonacci retracement levels.
Read More: Dogecoin Rally Pushes Major Cryptocurrencies Higher: Here’s Why
The nearest major resistance sits near the 0.786 Fibonacci level at $0.1339. A daily close above that zone could support a move toward higher levels. If DOGE breaks there, the next resistance appears near $0.1696.
Further resistance sits near $0.1946 and $0.2196. Those levels may matter if Dogecoin extends its recovery. The chart also showed a previous rejection near $0.30, which sent the price lower and left it near the bottom of the range.
Support remains near $0.0885. A break below that level could weaken the breakout structure and expose lower demand zones. Meanwhile, CoinMarketCap listed Dogecoin’s circulating supply at 169.9 billion DOGE, with total supply at 169.9 billion and unlimited maximum supply.
Other traders also watched the broader crypto market for context. Bitcoin hovered near $80,000 as ETF outflows continued. TraderSZ kept a $98,000 upside target in view for Bitcoin. Ted Pillows watched Ethereum near $2,300, while Ali Martinez noted a TD Sequential sell signal on Solana. Martinez also flagged a similar sell signal on Dogecoin, which suggested weaker short-term momentum. More Crypto Online said XRP stayed in a broader range as $1.38 support held.
Dogecoin traded near $0.1112 after a bullish MACD divergence and rising trading volume. Traders monitored key resistance at $0.1339 and support at $0.0885, while higher targets near $0.6533 remained in focus. Market momentum depends on whether DOGE can secure strong daily closes above resistance levels.