Dogecoin breaks two-month range with mixed volume signals, traders advised to watch $0.117-$0.127 for next move.

Dogecoin (DOGE) has broken out of a two-month trading range between $0.088 and $0.104, supported by above-average volume despite Bitcoin's sideways movement. This breakout was driven by bullish shifts in spot ETF flows, turning $0.104 into a new support level. However, volume indicators OBV and CMF send conflicting signals, with OBV showing buying pressure and CMF indicating distribution, creating uncertainty about the next price direction. Traders are advised to watch the $0.117-$0.127 zone closely for signs of a bearish reaction or a bullish trend shift, with a daily close above $0.127 signaling potential upward momentum.