Dogecoin Jumps 6% Driven by Institutional Buying Momentum

Dogecoin (DOGE) surged nearly 6% in the past 24 hours, reversing its recent sluggish trend as growing institutional interest fuels optimism around the meme coin.

The price climbed from $0.191 to $0.200, supported by strong technical momentum and a surge in trading volume, with peak activity reaching 470 million units during the early morning trading hours.

This rally occurs amid ongoing global economic uncertainty and geopolitical tensions that have weighed on risk assets, yet Dogecoin has defied broader market pressures by breaking key resistance at $0.193 and establishing a new support level at $0.200 after a brief consolidation phase.

Technical indicators show a clear uptrend in DOGE’s price action, marked by higher lows and higher highs throughout the period.

The most intense buying activity took place in the final four hours of the session, highlighted by significant volume spikes of 32.9 million units at 01:43 and 37.3 million units at 01:46, suggesting strong institutional accumulation.

A major $20 million transfer of DOGE to Coinbase coincided with the launch of the SHIB DAO, sparking renewed interest in meme coins and likely contributing to the price surge.

• DOGE rose 5.75%, moving from $0.191 to $0.200 within 24 hours.
• Price formed a clear upward trend with consecutive higher lows and highs, especially after 22:00.
• Support at $0.190 strengthened, and resistance at $0.193 was decisively broken.
• Peak trading volume of 470 million units occurred at 01:00, marking a highly aggressive buying phase.
• In the last hour, DOGE advanced from $0.197 to $0.200 with notable volume surges.
• The $0.200 psychological level was surpassed around 01:50, establishing new support.
• The session ended with lower volatility, maintaining prices above $0.200.

As Dogecoin moves into the next trading period, investors will closely monitor whether it can sustain its upward momentum amid continuing market fluctuations.