Dogecoin Surges 5% After Breaking Above Key Resistance Level

The cryptocurrency market has seen a stabilization in recent days, and Dogecoin (DOGE) is one of the tokens that have benefited from this trend. According to data, DOGE broke above the resistance level at $0.0924 on high volume, turning it into short-term support. This breakout has been met with constructive momentum, as evidenced by the token's consolidation around $0.0940-$0.0945.

The higher lows formed during this consolidation period confirm the token's short-term strength. However, traders are cautious and see $0.0940 as the new line of defense for bulls. A decisive close above $0.0950 would expose potential upside targets near $0.0955-$0.0960.