DOGS Forms Explosive Ascending Triangle—Breakout Looms as Volume Hits 85B
DOGS tests supply zone between 0.0000165–0.0000170 after holding above its EMA9 and SMA50 moving averages.
A strong bounce from the ascending trendline aligns with a volume spike to 85.58B, boosting bullish sentiment.
Momentum remains intact with a clear bullish structure forming on the daily chart since mid-June 2025.
DOGS just fired up the charts—bouncing hard off trendline support and skyrocketing 8% in a single day. With volume erupting to 85B, bulls are charging toward a breakout at 0.0000170 with fierce momentum.
DOGS Bulls Return, Structure Remains Intact
DOGS/USDT on Binance is showcasing a bullish formation on the daily timeframe. From mid-June to August 23, the price has consistently printed higher lows, forming a clean ascending triangle pattern as per an analysis shared on X by Alpha Crypto Signal. This setup is defined by a rising trendline from 0.0001130 and repeated tests of resistance at 0.0001650–0.0001700.
As at press time, the price of DOGS stands at $0.0001486, reflecting a 2.99% decline over the past 24 hours. Despite the dip, the token remains up 6.48% over the last 7 days, backed by $90 million in daily trading volume.
Backing this breakout was a massive volume spike of 85.58 billion—marking the most active trading day in recent months. Momentum remains strong, with the 9-day EMA at $0.0001412 and the 50-day SMA at $0.0001430, both trending upward and sitting below current price levels.
DOGS has respected the ascending trendline for over two months, rebounding from every major dip. Bulls have now returned with stronger conviction as price approaches the resistance area again.
Major Supply Zone in Focus as Breakout Builds
DOGS is now testing the key resistance zone between 0.0001650 and 0.0001700. This area has capped price movements since June, acting as a solid ceiling. However, the recent bullish candle has approached this resistance with greater volume and momentum than in previous attempts.
The August 23 candle closed well above the previous consolidation range. This marks a structural shift in short-term sentiment following several failed breakouts in July and early August. Buyers now appear to be more aggressive, supported by a clear trend and rising volume.
DOGS remains near the top of its three-month trading range. The bullish setup is supported by a strong foundation, with increasing participation near resistance. The combination of technical support, rising demand, and repeated breakout attempts may fuel further upside.
The post DOGS Forms Explosive Ascending Triangle—Breakout Looms as Volume Hits 85B appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.