Dogecoin's price has risen significantly after breaking above the key resistance level of $0.109. This sudden increase in value is attributed to a sharp volume surge, which tends to signal real positioning rather than drift.
The move was triggered by bitcoin pushing through the $80,000 mark during early Asia trading hours, lifting broader risk appetite and pulling altcoins higher alongside the move. Dogecoin followed this trend, with momentum returning after a quiet stretch of sideways trading.
Traders are now watching to see whether the level of $0.109 will hold as support or flip back to resistance. If it holds, it may act as near-term support, but if the price drops below $0.109, it could signal a failed breakout and return to the prior range.