Dogecoin Breaks Above 26 EMA, Signaling Bullish Momentum Shift

Dogecoin (DOGE) has finally shown signs of a potential recovery after weeks of lackluster trading. The meme coin has broken above its 26-day Exponential Moving Average (EMA) on the daily chart, a significant technical breakthrough that may ignite further bullish momentum. Throughout June, DOGE was locked in a slow downtrend, struggling to regain key moving averages, especially the 26 EMA, which acted as firm resistance.

Today’s breakout came with a solid 2.3% price increase and a noticeable rise in volume, suggesting fresh buyer participation. Historically, Dogecoin rallies often begin with a gradual climb toward the 26 EMA, followed by a strong bullish candle—just like the one seen now. This move ends the pattern of lower highs that has persisted since May and shifts market sentiment from neutral to cautiously optimistic.

Despite this progress, DOGE remains under pressure from the 50 and 100 EMAs, which align closely with horizontal resistance in the $0.19 to $0.20 range. A decisive break above this zone could open the door for a retest of the $0.22 level, a key psychological threshold.

Technical indicators are also improving. The Relative Strength Index (RSI) has climbed to 51, moving out of oversold territory and offering room for further upside before hitting overbought levels.

While this breakout doesn’t guarantee a long-term trend reversal, it does mark a shift in momentum. If Dogecoin can sustain this move and overcome the next resistance levels, it could build the foundation for a broader recovery. Traders and investors should watch the $0.20 and $0.22 zones closely as DOGE attempts to reclaim bullish territory.