Dogecoin recently made a major move on the 4-hour chart—successfully breaking through a long-standing downtrend line. The price is now steady around $0.14, and traders are watching closely to see if there is follow-up volume and confirmation signals.

This trendline is no joke. It has been a tough nut over the past several trading days, with each attempt by Dogecoin to break higher immediately met with rejection, forming a series of lower highs, and bears maintaining tight control. But now this pattern has been broken, indicating that selling pressure may indeed be waning.

Why is the breakout on the 4-hour chart so important? Because this timeframe isn’t as easily drowned out by intraday volatility as the minute charts, yet it provides more detail than the daily chart. Short-term traders often look for opportunities at this level. A breakout usually signals the beginning of a larger move.

It’s important to note that this breakout doesn’t directly mean a reversal has occurred. But it does clear a long-term technical obstacle that was weighing on the price. Dogecoin now has room to breathe and test higher levels, without rushing back to retest lows. The key now is whether the trading volume can support this move.