Measured from the swing low at $0.0625, Dogecoin [DOGE] has made gains of close to 25% within the past five days. The sentiment across the crypto sphere was bullish following Bitcoin’s [BTC] sharp breakout past the $22k region on Monday.

Bitcoin’s surge past $25.2k resistance on Tuesday meant it, too, had a strong bullish bias going forward. Dogecoin bulls might have to be wary- such a strong pump could see a large retracement before the next leg.

The bearish breaker on the daily timeframe was breached in the opposite direction as Dogecoin reversed in dramatic fashion. The trading volume was high on the way up for DOGE, and the indicators also flashed bullish signals.