Dogecoin surged nearly 9% to approximately $0.14, breaking out of a weeks-long downtrend as buyers showed renewed speculative interest. The meme token's rally was marked by heavy intraday volume, even as broader crypto markets remained mixed. This move coincides with a resurgence in meme-coin trading, with Dogecoin and Pepe leading gains, rising 11% and 17% respectively in a single session.
The rally in Dogecoin was supported by a sharp increase in trading volume, particularly during the U.S. session, which briefly pushed the price to $0.140 before a pullback. The price held above previous resistance levels, suggesting strong buyer support. Additionally, Dogecoin moved above its 50-day moving average, indicating a potential trend change. However, the rally's sustainability depends on maintaining levels above $0.138–$0.140, with potential resistance around $0.15.
Dogecoin Surges 9% Amid Renewed Speculative Interest
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