Dogecoin Roars Back: Transaction Volume Spikes 41% as Meme Coin Defies Skeptics

Dogecoin—the internet’s favorite joke-turned-asset—just pulled a classic crypto move: surging when Wall Street least expects it. Transaction volume skyrocketed 41% overnight, leaving traditional finance pundits scrambling to explain how a Shiba Inu-themed coin keeps outliving their doomsday predictions.

The pump comes amid renewed retail interest in altcoins, with DOGE whales apparently deciding Elon Musk tweets deserve a second act. Meanwhile, hedge funds still can’t decide whether to dismiss it or FOMO in—a beautiful encapsulation of crypto’s ability to turn financial orthodoxy into confetti.

Is this sustainable? Who knows. But watching Dogecoin moon while bankers clutch their risk models never gets old.

Will Dogecoin Price Break Above the $0.200 Mark?

On the 4-hour timeframe, DOGE demonstrated a robust bullish momentum in the last 5 days. From the $0.14221 level it spiked to $0.18587, with a 22% upsurge by breaking above the 50-day and 200-day EMAs.

DOGE price is forming a bullish pattern and trying to hold the price above the $0.16858 level. It shows that buyers are active and trying their best to bounce back. The price is in the bulls’ grip, so any short-term sell-off may get easily absorbed NEAR the 200-EMA support. 

The recent rally in Dogecoin looks reliable because it is supported by a high buying volume. Till the Doge price sustains above $0.16858, the bulls will be active, and the downside risk will remain low. 

On the other hand, the resistance zone is in the range between $0.185 to $0.195. The next stage of the rally might begin if buyers are able to break above the $0.185 mark.

Also Read: Whales Drive Dogecoin Surge: Will DOGE Price Hit $1 in 2025?