Golden cross ignites DOGE rebound, where is the next support level in the Meme coin season

Amid the overall rebound of Meme coins, Dogecoin (DOGE) has once again become a market focus. According to the latest news, DOGE’s price surged briefly to $0.1516, with a daily increase of about 4%, successfully breaking through a key technical zone and signaling a clear short-term bullish outlook. Even though the mainstream crypto market remains in range-bound oscillation, Meme coin行情 continues to show independent activity. Notably, a short-term “golden cross” has appeared on the hourly chart, which is often seen as a sign of momentum trend initiation.

Effectiveness of Technical Breakthroughs

DOGE’s rise has been effectively confirmed by trading volume. Data shows that the 24-hour trading volume is about 40% higher than the 30-day average, an important indicator for validating the breakout. After successfully breaking through the previous consolidation zone of $0.1422-$0.1431, the price established a new support above $0.1463, indicating that buyers are gaining the initiative.

Key Price Levels and Subsequent Targets

From a technical perspective, the current support and resistance levels are distributed as follows:

• New support: $0.1463 (just formed, needs repeated validation)
• Short-term target zone: $0.1520-$0.1530
• Previous selling pressure zone: above $0.1500

Whether the price can consolidate above $0.1500 and break through the $0.1520-$0.1530 region with increased volume will determine if the trend extends further.

Meaning of the Hourly “Golden Cross”

Although the “golden cross” appears on the hourly chart (9-period moving average crossing above the 26-period moving average), rather than a long-term trend signal, in the context of volume-driven upward movement, it often indicates that momentum has already started rather than a slow ascent. This is supported by the confirmation from trading volume.

The Broader Context of Meme Coin Rebound

DOGE’s rise is not an isolated event but part of a broader Meme coin ecosystem rebound. According to the latest data, the main表现如下：

The total market cap of Meme coins is approximately $33.8 billion, with 24-hour trading volume approaching $5.9 billion, indicating a clear short-term risk appetite revival. Some small and mid-cap tokens have seen even more significant gains, reflecting capital flow spreading into high-volatility assets as liquidity recovers.

From a larger market perspective, Bitcoin’s dominance is decreasing (approaching 59%), creating conditions for the “altcoin season.” In this environment, funds are flowing more into Meme coins like DOGE.

Institutional Support and Long-term Fundamentals

It is worth noting that DOGE’s technical breakthroughs are supported by institutional backing. According to related news, the Dogecoin Foundation’s commercial arm, House of Doge, has officially listed on NASDAQ through a reverse merger and secured $50 million in funding. The new entity has committed to using part of the funds for secondary market buybacks of DOGE and holds a large amount of DOGE on its balance sheet for the long term.

Meanwhile, CleanCore Solutions and House of Doge jointly established the “Official DOGE Treasury,” which announced the purchase of 500 million DOGE within 30 days, reaching half of its initial target of 1 billion DOGE. These tokens are stored in cold wallets for long-term custody, effectively locking nearly 4% of the circulating supply in the short term. Such ongoing institutional buying provides a compliant endorsement for the market.

Risks to Watch Out For

Meme tokens are highly sensitive to liquidity and market sentiment. If Bitcoin experiences a significant correction or leverage in the market rapidly increases, meme coins like DOGE could also face quick retracement. Therefore, repeatedly validating support levels and monitoring volume changes remain critical for short-term trading.

Key points to observe include:

• The validity of the $0.1463 support level
• The strength of the breakout after consolidating above $0.1500
• Whether trading volume can stay high
• Whether Bitcoin experiences a noticeable correction

Summary

DOGE’s short-term technical structure is improving and has a certain leading edge in the Meme coin rebound行情. The hourly “golden cross” combined with volume expansion provides effective support for short-term bullishness. However, whether this can be sustained depends on the success of key support levels and ongoing capital flow. From a longer-term perspective, continuous institutional positioning offers fundamental support for DOGE. Short-term traders should closely monitor the key levels at $0.1463 and $0.1500, while long-term holders can focus on institutional accumulation progress and spot ETF approval developments.