Dogecoin Surges 4.36% Amid Broad Meme-Coin Rally and Golden Cross Signal
Dogecoin (DOGE) rose by 4.36% to $0.1516 within 24 hours, supported by a trading volume approximately 40% above its 30-day baseline. The breakout cleared the $0.1422–$0.1431 consolidation range and established support above $0.1463, with the next resistance located between $0.1520 and $0.1530.
An hourly 9-period Simple Moving Average (SMA) crossed above the 26-period SMA, forming a short-term golden cross reinforced by rising volume. This technical indicator signals potential upside momentum in the near term.
The rally in DOGE occurred amid a broader surge across meme-coins: DOGE increased by 11% during the day, while PEPE gained approximately 17%, SHIBA INU was up 8%, BONK rose 11%, and FLOKI increased 10%. Additional tokens such as Mog Coin and Popcat also experienced significant gains of 14% and 9% respectively, reflecting speculative flows into smaller, higher-beta meme assets.
The CoinGecko GMCI Meme Index indicated a total market value near $33.8 billion with around $5.9 billion in 24-hour volume, demonstrating active participation beyond individual tokens.
This rally comes in the context of Bitcoin remaining range-bound and post-holiday liquidity being reduced. Traders appear to be seeking risk-on opportunities within the meme coin segment. Analysts consider this rally may be a short-term, self-reinforcing event rather than the onset of a durable meme coin cycle.
A suggested trading plan for DOGE notes that as long as it holds above $0.1463, the price is likely to test the resistance at $0.1520–$0.1530. Surpassing this resistance could extend the gains further, while falling below $0.1463 could risk a decline back toward $0.1432.
