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Dogecoin rose nearly 9% to trade around $0.15 after breaking a weeks-long downtrend. Higher intraday volume supported the move while other meme coins also advanced despite a mixed tone across the wider crypto market. Traders now focus on whether DOGE can stay above the $0.138–$0.140 resistance-turned-support zone, a level that could guide the next leg in price action.
Dogecoin rose from about $0.1367 to around $0.1502 over the past 24 hours. This push cleared a descending trendline that had capped rebound attempts through December. The break marked a change in short-term structure after several weeks of lower highs.
Trading activity increased during the breakout attempt, which pointed to active participation rather than thin holiday liquidity. Price also held above the prior resistance area on subsequent tests. This behavior suggested buyers defended higher levels and reduced immediate downside pressure.
A sharp volume spike appeared during the US session and helped drive the intraday high. However, Dogecoin stabilized above the prior resistance band, which kept the breakout setup intact for now
Dogecoin also moved back above its 50-day moving average, a level many short-term traders use to gauge trend shifts. The move removed a key technical barrier that defined the recent downtrend. Longer-term indicators still look mixed, but the price reclaimed an area that had acted as a ceiling in recent weeks.
Dogecoin and Pepe led the latest meme coin advance, with both posting strong single-session gains. The broader meme coin segment also expanded, with the GMCI Meme Index rising to a market value near $33.8 billion and indicating about $5.9 billion in 24-hour trading volume. This increase suggested wider interest across the sector, not just one token.
Market participants often see meme coins outperform when Bitcoin trades sideways, and traders pursue high-volatility opportunities. The same setup can raise fragility, since momentum and leverage can unwind quickly if sentiment shifts. For Dogecoin, traders focus on whether the token can keep its price above $0.138–$0.140 and extend toward the mid-$0.15 area.
Technical analysts also highlighted $0.157 as a key level that could confirm a stronger reversal if Dogecoin breaks it and prints a new local high. On lower timeframes, DOGE has shown a breakout followed by a pullback that tested the same area, a setup many traders view as a sign of improving structure. If price slips back below that reclaimed support, the rally may end up looking like earlier short-lived spikes that lost steam once risk appetite softened.
Also Read: Crypto prices today: Bitcoin price rises 4.3%, Ethereum at $3,342, Dogecoin soars 8.38%
