Dogecoin surged 7% to reach $0.126 after breaking through the $0.121 resistance level, driven by the strongest trading volume in weeks. The breakout, which occurred on January 1, saw trading activity spike to 1.23 billion tokens, significantly above the daily average. This move has shifted the focus to whether Dogecoin can maintain its position above the $0.124–$0.125 range. The rally comes as meme tokens attempt to stabilize following a challenging December. Dogecoin's recent price action suggests a double-bottom formation around $0.120–$0.121, with the breakout turning this region from resistance into a potential support zone. The cryptocurrency's ability to hold above $0.1245 will be crucial in determining if it can target higher levels between $0.132 and $0.136.
Dogecoin Surges 7% on Breakout, Hits $0.126
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