• Dogecoin surged 10% in a sudden rally, pushing past the $0.20 resistance as trading volume spiked nearly 17% to $1.85 billion.
• Dogecoin’s breakout comes amid increased interest, fueled by the House of Doge’s 10 million DOGE reserve purchase and growing bullish sentiment.

Dogecoin (DOGE), the most recognized meme coin in the crypto market, has taken traders by surprise with a sudden 10% price surge. This bullish rally has reignited interest in DOGE, pushing its price to test the critical $0.20 resistance level. But what’s fueling this unexpected breakout, and could Dogecoin be gearing up for even bigger gains?

DOGE Trading Volume Soars as Bulls Take Charge

According to CoinMarketCap data, Dogecoin’s 24-hour trading volume has surged by nearly 17%, hitting $1.85 billion. This increase in activity indicates renewed investor interest, setting the stage for a potential multi-week high above $0.23. The surge aligns with a broader altcoin rebound, positioning DOGE as one of the top-performing assets in the market today.

Historically, Dogecoin has exhibited high volatility, with significant price swings driven by market sentiment and external influences. Earlier this year, DOGE reached as high as $0.4159 before a market-wide correction sent it tumbling. The latest spike suggests a strong resurgence, with bulls aiming to reclaim key resistance levels.

House of Doge’s 10M DOGE Reserve Sparks Optimism

One factor possibly contributing to Dogecoin’s rally is the recent move by House of Doge, an affiliate of the Dogecoin Foundation. The group has reportedly established a reserve fund by purchasing 10 million DOGE, reinforcing Dogecoin’s position as a valuable digital asset. This development has added credibility to DOGE’s long-term prospects, signaling increased adoption and institutional interest.

Can DOGE Flip $0.20 Into Support?

For Dogecoin to sustain its bullish momentum, breaking and holding above the $0.20 resistance is crucial. So far, DOGE has struggled to establish this level as a strong support zone. If buying pressure continues, we could see DOGE targeting the $0.23 and $0.25 levels in the coming days. Conversely, failure to hold above $0.20 might lead to another short-term pullback.

As meme coin enthusiasm resurfaces, Dogecoin’s latest breakout could be the beginning of a bigger move. Will DOGE finally push past its key resistance zones and head toward new highs? Stay tuned as the market reacts to this unexpected surge.