Breakout or Bull Trap? DOGE Jumps Above Resistance on Ethereum Strength

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Breakout or Bull Trap? DOGE Jumps Above Resistance on Ethereum Strength Despite the breakout, DOGE faces significant structural resistance from major EMAs. By Shaurya Malwa , CD Analytics Dec 10, 2025, 5:39 a.m. (CoinDesk Data) What to know : Dogecoin surged above key resistance levels with a 6% rally, driven by institutional trading volumes. Despite the breakout, DOGE faces significant structural resistance from major EMAs. Strong user activity contrasts with mixed network flows, indicating potential accumulation. DOGE $ 0.1469 bumped above multiple resistance levels as an institutional-led volume hinted at a possible trend reversal despite ongoing network outflows. News Background Dogecoin staged a strong upside push Tuesday, rallying from $0.1406 to an intraday peak of $0.1532 before easing to a $0.147307 close, up 0.81% on the day. The breakout came on exceptionally heavy trading, with volume spiking 312% above average during the 15:00–17:00 GMT window — a signature profile of algorithmic or institutional accumulation rather than retail speculation. Fundamental conditions remained mixed: DOGE saw $4.81 million in net network outflows even as on-chain activity surged, with active addresses hitting 67,511 — the second-highest reading in three months. This divergence between capital movement and user engagement suggests accumulation at the network level despite outward liquidity pressures. Technical Analysis DOGE’s move above $0.1470 marked its cleanest breakout in nearly six weeks, completing a symmetrical-triangle compression that began in mid-October. Volume expansion vastly outpaced price movement — a classic precursor to trend expansion — with 1.75 billion tokens traded, roughly 51% above DOGE’s seven-day average. Higher lows at $0.1469, $0.1488 and $0.1512 confirmed a rising-channel structure, and the breakout candle at 15:00 GMT validated $0.1470 as a new pivot level. Despite the explosive move, DOGE remains below all major EMAs, with the 20-day EMA at $0.1476 repeatedly acting as dynamic resistance. The bearish stacking of the 50-day, 100-day and 200-day EMAs (at $0.1649, $0.1836, and $0.1975 respectively) continues to impose structural headwinds. Momentum indicators show early signs of life: RSI at 41 suggests recovery room, while MACD approaches a bullish cross on 4-hour charts — often a precursor to multi-session extension moves. Price Action Summary DOGE printed a clean 6% rally from $0.1406 to $0.1532, breaking through resistance layers with strong confirmation from volume. The peak occurred within minutes during a high-intensity breakout phase, with successive hourly candles supported by sustained liquidity. After reaching $0.1532, DOGE retraced modestly and stabilized above the $0.147 breakout level, showing continued bid strength into the close. Multiple intraday tests of $0.1470 held firmly, reinforcing that area as a new micro-support. Momentum faded slightly into late trading, but not enough to break the structure — DOGE continues to consolidate tightly beneath the $0.1520-$0.1530 resistance cluster. What Traders Should Know DOGE’s high-volume breakout is technically significant, but structural resistance remains heavy. Key points: $0.1470 is now the must-hold support — losing it reverses the breakout and reopens $0.138 downside risk. Break above $0.1522–$0.1530 is required to unlock the next leg toward $0.1580 and the 50-day EMA at $0.1649. Momentum is early, not overextended: MACD nearing a bull cross and RSI at neutral levels offer room for continuation. Divergence between strong user activity and mixed network flows suggests underlying accumulation despite broader caution. If DOGE can sustain closes above the 20-day EMA, the setup shifts from relief rally to structural reversal attempt. More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. 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