Dogecoin surges 7% as a double-bottom break sparks DOGE rally

2026-01-02 05:25:08

Source: CryptoNewsNet Original Title: Dogecoin surges 7% as a double-bottom break sparks DOGE rally Original Link: Dogecoin climbed to $0.126 as buyers finally cleared the $0.121 resistance band on the strongest volume in weeks, turning what had been a compression zone into a breakout and shifting near-term focus to whether DOGE can hold above $0.124–$0.125.

News background

The move comes as meme tokens attempt to stabilize into year-end/early-January positioning after a bruising December that saw liquidity thin out and spot markets become increasingly reactive to large bursts of flow. In that environment, breakouts tend to be more “all at once” — driven by a few concentrated windows of execution — rather than gradual trend-building.

DOGE also remains a sentiment proxy for the risk-on end of crypto, meaning it often overreacts to changes in positioning as traders rotate between majors and higher beta assets. With leverage having been reduced across parts of the market in recent sessions, DOGE rallies tend to look cleaner when they’re supported by spot activity rather than purely derivatives-driven spikes.

DOGE11,76%

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