- Dogecoin smashes $0.10 as volume surges 115%
- Short squeeze fuels rapid rebound from recent lows
- Meme coin momentum builds amid renewed market risk appetite
Dogecoin pushed back above the $0.10 level after an intense surge in trading activity rattled bearish positions. The meme coin rebounded from a recent low of $0.09335 and climbed to an intraday high of $0.1057. This upward move unfolded as trading volume jumped 115% within 24 hours, reaching $1.81 billion as per CoinMarketCap data. Market data shows DOGE gained more than 8% during the same period, while Bitcoin advanced by 4.35%, reflecting broader market strength. However, Dogecoin outpaced the leading cryptocurrency, signaling renewed focus on the meme coin segment.
The sharp increase in volume drove the breakout as traders rotated capital back into meme assets after earlier sell-offs reduced exposure. As a result, short sellers faced mounting pressure when DOGE reclaimed $0.10, triggering accelerated buying as bearish positions unwound. Although the price later eased slightly to around $0.09981, buyers continued defending the reclaimed level, reinforcing its technical relevance. The psychological importance of $0.10 adds weight to the current structure, and holding above this zone could reinforce confidence among short-term traders.
Also Read: Alert: XRP Hits 5-Week High on Major Metrics – Here’s What’s Happening
Volume Expansion Fuels Momentum Shift
The 115% spike in volume suggests strong participation behind the rally, while elevated activity often validates price breakouts after prolonged weakness. Over the past ten days, DOGE struggled below $0.10 and prompted heavy selling, consequently the reclaim of that level shifted sentiment quickly.
Source: Tradingview
Technical levels now remain critical as Dogecoin must hold above $0.095 to maintain its recovery structure. Additionally, stability beyond the $0.1023 retracement level would strengthen the bullish case, otherwise volatility could return without sustained demand.
Other meme coins, including BONK and SHIB, also posted gains during the session, which indicates broader sector rotation rather than isolated buying interest. Market participants appear willing to re-enter higher-risk assets as conditions stabilize, while sustained volume will determine whether this breakout develops into a broader trend and continued participation could extend gains if activity remains strong.
Also Read: Breaking: Ripple Announces XRP Network Is Entering a New Phase – Here’s What’s Changing
