Dogecoin Could Sustain Gains After Powell Remarks as Analysts Flag Potential 40% Upside

• Dogecoin jumped on Jackson Hole-driven rate-cut optimism

• 24-hour gain: +11.17%; trading volume rose 165% to $5.42 billion.

• Market cap: $35.52 billion, flipping Tron to reclaim eighth place.

Dogecoin price jumps amid Jackson Hole rate-cut optimism — check live levels and outlook. Read analysis and key trading levels. (Coinotag)

What caused Dogecoin’s weekend surge?

Dogecoin’s surge was driven by macro risk-on sentiment after Fed Chair Jerome Powell signaled a possible policy adjustment at the Jackson Hole symposium, prompting traders to price in a higher probability of a September rate cut. The move coincided with heavy inflows and elevated trading volume across crypto markets.

How big was the price and volume move?

Dogecoin climbed from $0.208 to $0.242 on Friday, then settled around $0.235 at press time, marking an 11.17% 24-hour gain and roughly a 3% weekly increase. Reported trading volume rose about 165% to $5.42 billion, indicating a strong, short-term surge in market participation.

How does Dogecoin’s market position look now?

Dogecoin reclaimed the eighth ranking by market capitalization at approximately $35.52 billion, overtaking Tron. This ranking shift reflects the outsized price and volume movement relative to peers during the session.

What are analysts saying?

Trader Kaleo publicly stated in a social post that Dogecoin may be “long overdue for an explosive move,” reflecting bullish trader sentiment. Analyst Ali pointed to a triangle consolidation pattern with the potential for a roughly 40% directional move if price resolves the pattern.

What technical levels should traders watch?

Dogecoin has cleared the daily SMA 50 near $0.218, which now acts as a critical support level. Short-term upside targets include $0.26 and $0.29; a decisive breakout above $0.26 could extend gains toward $0.40 and $0.48. Conversely, failure to hold the $0.218 area could open a retest of the $0.14–$0.20 range.

How to interpret the volume spike?

A 165% increase in 24-hour trading volume to $5.42 billion signals heavy participation, often associated with rapid price moves and short-term volatility. Traders should combine volume analysis with order-book and funding-rate data when positioning for continuation or reversal.

Frequently Asked Questions

Is this move driven by fundamentals or speculation?

The immediate catalyst was macro-driven (Jackson Hole rate-cut hopes), but the rapid price and volume response shows speculative positioning. No new protocol fundamentals were announced; market reaction is centered on macro risk-on flows.

Could Dogecoin sustain these gains?

Sustainability depends on whether the $0.218 SMA50 holds as support and whether macro sentiment remains dovish. Short-term momentum can persist, but traders should plan for elevated volatility and set stop levels accordingly.

Key Takeaways

• Macro catalyst: Jackson Hole comments by Fed Chair Jerome Powell increased rate-cut expectations, sparking crypto-wide gains.
• Price and volume: Dogecoin moved from $0.208 to $0.242; 24h gain +11.17%, volume +165% to $5.42B.
• Technical outlook: Hold above daily SMA 50 (~$0.218) for momentum; targets $0.26, $0.29, with breakout potential to $0.40–$0.48.

Conclusion

Dogecoin’s weekend surge illustrates how macro commentary can quickly reprice risk assets; the coin’s reclaiming of #8 by market cap underscores the move’s breadth. Traders should monitor macro signals, volume, and the daily 50 SMA for confirmation, while managing risk given elevated volatility. For continuing coverage and level updates, follow COINOTAG market reports.

Published: 2025-08-23 | Updated: 2025-08-23 | Author: COINOTAG