The post will $0.15 breakout fuel run to $0.32? appeared on BitcoinEthereumNews.com.

Dogecoin has flipped market structure bullish with a strong engulfing candle and volume spike. Price now approaches high time frame resistance, where a correction or breakout will determine the next trend leg. Dogecoin (DOGE) has shifted its market structure decisively to the upside after breaking above its high time frame support at $0.15, a level that previously marked the base of its range. Following a bullish engulfing candle and strong volume expansion, price reclaimed the point of control (POC) and triggered a breakout, pushing into higher territory. As DOGE approaches a major resistance cluster, the next few sessions will be pivotal in determining whether the trend accelerates or cools off for a healthy pullback. Key Technical Points Bullish Market Structure Break: Confirmed by engulfing candle and new high. $0.15 Support Reclaimed: Value area low acted as the key reversal zone. Current Resistance at $0.22–$0.24: In confluence with value area high and 0.618 Fibonacci. Next Upside Target at $0.32: Fibonacci extension and prior structural resistance. DOGEUSDT (1D) Chart, Source: TradingView Dogecoin’s recent breakout is technically significant. After weeks of consolidation and failed rallies, price action decisively broke above the $0.15 high time frame support, reclaiming both the POC and establishing a new higher high, effectively flipping market structure bullish. The move was accompanied by strong volume, adding credibility to the rally and suggesting genuine buyer interest rather than a simple short squeeze or anomaly. Currently, DOGE is approaching a well-defined resistance zone between $0.22 and $0.24, where the value area high and the 0.618 Fibonacci retracement level from the prior downtrend converge. This makes the area a strong confluence zone where a short-term rejection is technically healthy, especially if followed by the formation of a higher low, a key component of a sustainable bullish trend. Should price reject here, traders should…

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Filed under: News - @ July 12, 2025 2:21 am