Crypto Potato
2025-10-02 22:48:50

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

Dogecoin (DOGE) was trading around $0.26 at press time, having gained 7% over the last 24 hours and 11% over the past seven days. This price action is turning 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 daily chart. The move was confirmed by the Relative Strength Index (RSI), which also broke above its downtrend. Source: Trader Tardigrade/X Notably, the daily candle close above resistance is the first clear signal of a potential trend shift. Tardigrade described it as “a strong start for Uptober,” pointing to renewed momentum after weeks of sideways movement. On the 8-hour chart, Tardigrade highlighted a repeating setup where tight consolidation phases have been followed by sharp breakouts. Previous examples in July and mid-September led to strong upward moves. The most recent consolidation around $0.23 has now broken upward. Projections from the chart suggest DOGE could test the $0.34 level if the same structure repeats. $Doge /8-hour Tight consolidation with a Breakout leads to a massive surge pic.twitter.com/TdemaAZI6q — Trader Tardigrade (@TATrader_Alan) October 2, 2025 Higher Lows Add to Bullish Case Daan Crypto Trades noted that DOGE has been forming higher lows since the April 2025 bottom. The meme coin is trading above the 200-day EMA ($0.22) and 200-day MA ($0.203), with both levels acting as dynamic support. He explained , “$DOGE held where it should have and put in a higher low just like most majors.” Resistance levels sit at $0.39688 and $0.43481, making them key zones to watch if DOGE continues its pattern of higher highs and higher lows. Source: Daan Crypto Trades/X Futures Data Shows Steady Build-Up Byzantine General observed that DOGE is maintaining higher lows on the futures chart, supported by a gradual rising trendline. They commented , “I just realised that $DOGE is making higher and higher lows… Maybe DOGE is cooking something.” Supporting metrics show open interest has eased, reducing leverage in the market. Funding rates across exchanges remain balanced, while trading volumes are steady but lower than late 2024 peaks. Liquidations remain contained, indicating fewer forced sell-offs. Source: Byzantine General/X By this combination, DOGE is amassing momentum, with the base tending to be more stable as both spot price action and futures data point toward increasing potential for an extended rally. The post Uptober Boost: DOGE Rockets 11% in a Week, More Ahead? appeared first on CryptoPotato .

Ricevi la newsletter di Crypto
Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta