Dogecoin rallies 6% fueled by increased purchases from institutional buyers.

Dogecoin Rockets Nearly 6% Amid Institutional Buying and Rising Volume

Dogecoin (DOGE) surged almost 6% in the past 24 hours, breaking through critical resistance levels as increased institutional buying and heightened trading activity drive renewed enthusiasm for the popular meme coin.

Data from CoinDesk Research shows DOGE climbed from $0.191 to $0.200, buoyed by strong technical momentum and a peak trading volume of 470 million tokens during the early morning trading hour of 01:00.

This impressive rally comes despite a challenging global economic landscape marked by geopolitical tensions and risk-off sentiment. However, Dogecoin has defied these headwinds, breaking above the key $0.193 resistance and quickly establishing a firm support level at $0.200 after a brief consolidation.

Technical indicators reveal a clear uptrend, with DOGE consistently posting higher lows and higher highs throughout the session. The heaviest buying activity took place in the final four hours, highlighted by sharp volume spikes of 32.9 million and 37.3 million tokens at 01:43 and 01:46, respectively — a strong signal of institutional-scale accumulation.

Adding fuel to the fire was a $20 million transfer of DOGE to Coinbase, coinciding with the launch of the SHIB DAO. This event has reinvigorated interest in the meme coin sector and likely contributed to Dogecoin’s momentum.

Technical Summary

DOGE gained 5.75%, moving from $0.191 to $0.200 over 24 hours
Strong upward trend with higher lows and higher highs, especially after 22:00
Key resistance at $0.193 was broken with solid volume support near $0.190
Peak volume of 470 million tokens hit at 01:00, marking intense buying activity
Late session volume surges at 01:43 (32.9M) and 01:46 (37.3M) indicate institutional interest
The $0.200 psychological barrier was breached at 01:50, creating new support
DOGE closed with reduced volatility, maintaining levels above $0.200

As Dogecoin heads into the next trading session, traders will be watching closely to see if this bullish momentum can hold amid ongoing market uncertainty.