What Happened

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Popular dog-themed cryptocurrency Dogecoin DOGE/USD edged higher Wednesday, defying weaknesses in blue-chip cryptocurrencies.



What happened: The world's largest meme coin rose over 3% in the last 24 hours, while its trading volume spiked 30% to over $2 billion.



DOGE&#8217;s surge contrasted with Bitcoin BTC/USD and Ethereum ETH/USD, <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44506704/bitcoin-ethereum-drop-dogecoin-gains-as-stocks-flounder-on-trumps-auto-tariff-move-analyst-sees-signs-of-renewed-interest-in-btc">which struggled on broader market concerns</a> about President Donald Trump&#8217;s new auto tariffs. While the apex cryptocurrency was up just 0.21%, its younger sibling, ETH, fell 0.95%.



See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44487309/jim-cramer-applauds-gamestop-for-acting-on-his-bitcoin-ploy-as-apex-crypto-barely-moves-after-his-remark">Jim Cramer Applauds GameStop For Acting On His &#8216;Bitcoin Ploy,&#8217; CEO Ryan Cohen Can&#8217;t Help But React</a>



Widely followed cryptocurrency analyst Ali Martinez, drawing on inferences from the SuperTrend indicator, projected that DOGE could "enter a bullish phase" if it breaks $0.21.



The SuperTrend indicator is used to identify uptrends and downtrends in the market and potential entry and exit points.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The SuperTrend indicator suggests that <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> could enter a bullish phase upon breaking the $0.21 resistance level. <a href="https://t.co/5AcHM00mzS">pic.twitter.com/5AcHM00mzS</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1905004331432374393?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another well-known technical analyst, going by the pseudonym AMCrypto, expected DOGE to spearhead what he believed was the beginning of a new meme coin rally.



"DOGE had a perfect multi-year support trendline retest. My first major target is $0.5 in Q2," the analyst predicted.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> had a perfect multi-year support trendline retest. Memes are slowly moving up now, and I expect DOGE to lead the rally. My first major target is $0.5 in Q2. <a href="https://t.co/ejHhf9HXXb">pic.twitter.com/ejHhf9HXXb</a>&mdash; AMCrypto (@AMCryptoAlex) <a href="https://twitter.com/AMCryptoAlex/status/1904895363288277393?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Sentiment also flared in the futures market, with DOGE's Open Interest rising 1.89% to $2.02 billion, marking the seventh consecutive day of gains, <a href="https://www.coinglass.com/currencies/DOGE">according </a>to Coinglass.



Moreover, the Long/Short ratio rose above 1, indicating that a higher percentage of traders placed bullish bets on the memecoin.&nbsp;



Interest in the $30 billion-valued cryptocurrency has soared following the creation <a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44463140/bitcoin-reserve-no-house-of-doge-just-launched-a-dogecoin-reserve-valued-1-83-million">of a reserve of 10 million DOGE tokens</a>, the purpose of which is to advance the use of the coin in real-world payments.



Price Action:  At the time of writing, Dogecoin was exchanging hands at $0.1985, up 3.14% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Year-to-date, the cryptocurrency has dropped 36%.



Image via Shutterstock



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Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) edged higher Wednesday, defying weaknesses in blue-chip cryptocurrencies. What happened: The world's largest meme coin rose over 3% in the last 24 hours, while its trading volume spiked 30% to over $2 billion.

Dogecoin Bucks Tariff-Fueled Market Lag With 3% Move—Analyst Says Memecoin Could Enter Bullish Phase Upon Breaking This Level 

Aniket Verma

Popular dog-themed cryptocurrency Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) edged higher Wednesday, defying weaknesses in blue-chip cryptocurrencies.



What happened: The world's largest meme coin rose over 3% in the last 24 hours, while its trading volume spiked 30% to over $2 billion.

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Dogecoin Bucks Tariff-Fueled Market Lag With 3% Move—Analyst Says Memecoin Could Enter Bullish Phase Upon Breaking This Level

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