Dogecoin Climbs Nearly 6% as Institutional Buying Spurs Breakthrough of Key Resistance

Dogecoin (DOGE) has experienced a notable price surge over the last 24 hours, rallying close to 6% as the token breaks through important resistance levels amid increased trading volumes and signs of institutional interest.

According to data from CoinDesk Research, DOGE advanced from $0.191 to $0.200, driven by strong technical momentum supported by peak trading volumes reaching 470 million tokens during the early morning hour of 01:00.

This rally occurs against a backdrop of global economic uncertainty and geopolitical tensions that have pressured risk assets broadly. Yet, Dogecoin has bucked this trend by surpassing resistance at $0.193 and establishing $0.200 as a new support level following a brief consolidation period.

Technical analysis indicates a sustained upward trajectory, with DOGE forming higher lows and higher highs throughout the session. The most significant buying pressure was observed in the final hours, including volume surges of 32.9 million and 37.3 million tokens at 01:43 and 01:46, respectively, signaling likely institutional accumulation.

Further fueling investor enthusiasm, a sizable $20 million transfer of DOGE to Coinbase coincided with the launch of the SHIB DAO, rekindling interest in the meme coin sector and contributing to the upward momentum.

Key Technical Highlights:

• DOGE increased by approximately 5.75%, moving from $0.191 to $0.200 in 24 hours
• Consistent higher lows and highs established a firm uptrend, particularly after 22:00
• Resistance at $0.193 was convincingly breached with volume support around $0.190
• Peak volume hit 470 million tokens at 01:00, marking the session’s most aggressive trading
• Late-session volume spikes at 01:43 (32.9M) and 01:46 (37.3M) suggest institutional-scale buying
• Price broke the psychological $0.200 level at 01:50, setting a new support base
• DOGE closed the period maintaining levels above $0.200, with lower volatility

As the market watches closely, the focus will be on whether Dogecoin can sustain its bullish momentum amid ongoing market volatility and geopolitical uncertainties.

---