Dogecoin (DOGE) has surged 6.56% over the past 24 hours, bouncing from a two-month low of $0.1508 to a session high of $0.1632. The surge in price came as traders stepped in aggressively following a technical breakout amid heightened geopolitical tensions between the U.S. and Iran.
Despite the broader crypto selloff triggered by the renewed military activity in the Middle East, Dogecoin showed relative strength, recovering faster than Bitcoin or Ethereum and pushing past key resistance levels. The meme coin broke through a long-standing descending trendline, confirming a shift in short-term market structure.
Technical analysts note that the rally was driven by a sharp increase in trading activity, particularly during the 22:00 UTC hour, when volume surged past 800 million units and price spiked 3.77% in under 60 minutes. The breakout has sparked renewed discussion about a potential retest of the $0.17–$0.18 range if volume remains elevated and global risk sentiment stabilizes.
Dogecoin's network fundamentals also remain intact, with transaction volume and active wallet counts trending higher over the past week. While macro conditions remain fragile, the memecoin's resilience is capturing renewed attention from traders betting on short-term altcoin rotation.
In terms of price action, Dogecoin traded in a broad range from $0.1508 to $0.1632 over the session, ultimately settling around $0.1615. The $0.150 zone acted as a springboard after the asset reached a local bottom following weeks of declining momentum. A clean break above $0.162 resistance has now established a short-term higher high, with $0.165 emerging as the next level to watch.
The final hour of the session saw minor consolidation, with DOGE pulling back slightly from intraday highs and forming a potential bull flag above $0.161.
In summary, Dogecoin has shown remarkable resilience amid geopolitical tensions and broader market volatility, with technical indicators suggesting further upside potential if volume remains elevated and global risk sentiment stabilizes. Traders should keep an eye on the $0.165 resistance level and the overall health of the memecoin's network fundamentals as they navigate the short-term market structure.
