Source: CryptoNewsNet
Original Title: Dogecoin jumps nearly 9% as buyers push price out of recent downtrend
Original Link:
Dogecoin rallied nearly 9% to around $0.14 as buyers forced a break out of a weeks-long downtrend, with heavy intraday volume and renewed speculative interest lifting the meme token even as broader crypto markets remained mixed.
News Background
Dogecoin’s move comes amid a broader resurgence in meme-coin trading at the start of the year, with traders rotating into high-beta tokens as bitcoin remains range-bound and liquidity conditions stay uneven after the holidays.
Dogecoin and Pepe led the latest leg higher, rising roughly 11% and 17% respectively in a single session, while CoinGecko’s GMCI Meme Index climbed to a market value of about $33.8 billion with nearly $5.9 billion in 24-hour trading volume — a sign the rally is not confined to a single token.
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Dogecoin jumps nearly 9% as buyers push price out of recent downtrend
Source: CryptoNewsNet Original Title: Dogecoin jumps nearly 9% as buyers push price out of recent downtrend Original Link: Dogecoin rallied nearly 9% to around $0.14 as buyers forced a break out of a weeks-long downtrend, with heavy intraday volume and renewed speculative interest lifting the meme token even as broader crypto markets remained mixed.
News Background
Dogecoin’s move comes amid a broader resurgence in meme-coin trading at the start of the year, with traders rotating into high-beta tokens as bitcoin remains range-bound and liquidity conditions stay uneven after the holidays.
Dogecoin and Pepe led the latest leg higher, rising roughly 11% and 17% respectively in a single session, while CoinGecko’s GMCI Meme Index climbed to a market value of about $33.8 billion with nearly $5.9 billion in 24-hour trading volume — a sign the rally is not confined to a single token.