DOGE price is up 7.6% today, trading around $0.2388 after reclaiming the $0.2350 local resistance; sustained closes above $0.2350 could push Dogecoin toward $0.24–$0.28 in the coming sessions as bulls hold momentum.
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DOGE reclaimed $0.2350 and trades at $0.2388 (press time).
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Hourly and midterm charts favor bulls if candles close above key resistances.
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Short targets: $0.24; medium targets: $0.2485 then $0.26–$0.28, with volume and daily close confirmation required.
DOGE price rises 7.6%, trading at $0.2388; watch $0.2350 and $0.2485 for confirmation — read analysis and next targets.
A new week has begun with the market bounce, according to CoinMarketCap data. The cryptocurrency sector showed early strength and Dogecoin led notable upside among top-cap tokens.
Top coins by CoinMarketCap
What is driving DOGE’s 7.6% intraday gain?
DOGE’s 7.6% rise reflects short-term bullish momentum after bulls reclaimed $0.2350. Renewed buying interest on the hourly chart and favorable market breadth supported the move. Volume and hourly closes will determine whether the move extends toward $0.24 and higher.
How did DOGE behave on the hourly chart?
On the hourly timeframe, DOGE closed and held above the local resistance of $0.2350. If bulls maintain control and subsequent bars close at or above this level, the next logical short-term target is $0.24.
Image by TradingView
Why is the $0.2485 level important?
The $0.2485 area acts as a midterm supply zone; a decisive daily or multi-hour close above it would open the path to the $0.26–$0.28 range. Traders frequently watch this level for breakout confirmation and to scale positions accordingly.
Image by TradingView
On longer time frames, the coin is building on yesterday’s bullish close, suggesting buyer dominance in both short and midterm views. At press time, DOGE is trading at $0.2388.
When could DOGE test higher targets?
If momentum persists and hourly closes remain above $0.2350, DOGE could test $0.24 within sessions. A follow-through close above $0.2485 would increase probability of moves into the $0.26–$0.28 range over subsequent trading days.
Image by TradingView
From a midterm perspective, buyers presently outweigh sellers. Traders should prioritize candle closure at key levels rather than intrabar price spikes.
What to watch next for traders?
- Hourly close above $0.2350: Confirms short-term bullish bias.
- Volume increase: Supports sustainable breakout.
- Daily close above $0.2485: Opens $0.26–$0.28 target band.
Short comparison of targets and triggers
| Trigger | Immediate target | Midterm target |
|---|---|---|
| Hourly close > $0.2350 | $0.24 | $0.2485 |
| Daily close > $0.2485 | $0.26 | $0.26–$0.28 |
Frequently Asked Questions
What is DOGE’s current price and intraday change?
DOGE is trading at $0.2388 and is up 7.6% intraday, driven by a reclaim of the $0.2350 resistance and improved market momentum.
How should traders manage risk on a DOGE breakout?
Traders should use confirmed hourly or daily closes for entries, scale position size, and place stop-losses below recent support levels to limit downside on false breakouts.
Key Takeaways
- DOGE regained $0.2350: Short-term bullish bias established.
- Targets: $0.24 immediate; $0.2485 then $0.26–$0.28 if confirmed.
- Risk management: Confirm breakout with volume and candle closes; use stops.
Conclusion
This technical update shows DOGE price gaining 7.6% and holding above $0.2350, with clear short and midterm targets if momentum and volume confirm the move. Traders and investors should monitor hourly and daily closes and prepare for potential tests of $0.2485 and the $0.26–$0.28 zone. Publication: COINOTAG — updated 2025-09-08.
