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    Dogecoin Breaks Key Resistance, Surges 7% on Double-Bottom Rally

    1 Min Read Altcoin news

    DOGE/USD eyes $0.132–$0.134 as momentum builds

    Dogecoin (DOGE) staged a notable recovery, climbing to $0.126 after breaking a key resistance at $0.121. The rally was supported by strong spot market activity and elevated trading volumes, signaling a healthier, more sustainable move compared to typical meme coin volatility.

    The recent surge follows a double-bottom pattern on the four-hour chart, indicating potential trend reversal from the recent downtrend. Dogecoin to target the next resistance zone between $0.132 and $0.134. The breakout was characterized by concentrated trading bursts rather than a gradual accumulation, reflecting how liquidity and market depth remain sensitive after December’s thin markets.

    After a challenging December, where spot markets reacted sharply to concentrated flows, Dogecoin’s rally demonstrates renewed market confidence and potential stabilization among meme tokens. Traders are watching closely for sustained support above the breakout level, which could set the stage for further upside in early January.

    Volume trends, technical formations, and key resistance levels suggest that DOGE is attempting to transition from reactive trading to a more trend-driven market phase.

    Disclaimer

    This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.

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