Dogecoin (DOGE) has risen 7% in the past 24 hours in an attempt to regain a market value of $50 billion. Volume surged to $3 billion during the period.

Key technical indicators such as the glance balance table show strong upward momentum. If the current trend continues, DOGE could break through key resistance levels and achieve a significant short-term rally.

Dogecoin's Ichimoku cloud chart shows a bullish pattern. Price break through the red cloud indicates a shift in momentum as buyers have gained control, pushing prices up.

The red clouds formed by Senkou Span A and Senkou Span B have previously reflected bearish sentiment, but DOGE moving above it indicates a change in mood. The green cloud ahead further supports this bullish outlook, as it suggests that the rally is likely to continue.

In addition, the blue Tenkan-sen (conversion line) has crossed the orange Kijun-sen (baseline), further confirming the bullish trend. This crossover highlights the short-term price intensity exceeding the long-term baseline. The green lag span (Chikou Span) is also located above prices and clouds, indicating that the current bullish trend is in line with previous price movements.

For DOGE prices to maintain their upward trajectory, they must remain above the clouds and maintain that momentum. However, failure to maintain these levels could lead to consolidation or pullback to clouds.

The Dogecoin DMI chart shows its ADX, which is currently 21.5, up sharply from yesterday's 11. 9, suggesting the trend is strengthening. The rise in ADX indicates that the upward trend is strengthening, reflecting increasing market confidence and increased buying activity.

In the past two days, + DI (direction indicator) has soared from 15 to 34. 6, indicating strong buying pressure, while-DI has fallen from 20 to 11. [] 1, reflecting a significant decline in selling pressure.+ This divergence between DI and-DI strengthens the dominance of the bullish market.

The Average Direction Index (ADX) measures the strength of trends, ranging from 0 to 100, with values above 25 indicating a strong trend, and values below 20 indicating a weak or missing trend. The ADX of the DOGE is 21. [] 5, indicating that the trend is about to be firmly established, especially considering the sharp rise in + DI and-DI decline.
In the short term, this setting suggests that DOGE prices are likely to continue to rise, as buyers are under control. However, to maintain this trend, the ADX must continue to rise and remain above the 25th to confirm the strong uptrend.

The canecoin price EMA line indicates that a gold cross may be soon formed, a bullish indicator of short-term EMA exceeding long-term EMA. This potential cross could signal a continuation of the uptrend, allowing Dogecoin to test resistance at $0. [] $36.

Going out of that level, DOGE, prices could target higher resistance at $0. [] $387 and $0. [] $415, USD, representing a potential 22. [] 7% price increase.

On the other hand, if the uptrend loses momentum and the market reverses, DOGE prices could test its immediate support level of $0. [] $30. Failure to hold on to that level could lead to a bigger decline, with the next strong support level of 0. [] $26 playing out.

In order for DOGE to maintain its upward trajectory, the gold cross needs to be achieved, and buyers need to push prices through key resistance levels.