Dogecoin price hovered above $0.10 on Saturday as traders assessed momentum. Market analysts said bulls are targeting a potential move toward $0.20. The DOGE has been trading sideways in recent weeks, but a fresh wave of buying can trigger a breakout rally this month. Dogecoin price could advance toward the $0.20 mark this month as momentum builds across major meme tokens.
The recent rise in assets like SHIB, PEPE, Pump, BONK, and Pengu indicates a resurgence of interest in speculative assets. The overall meme market cap is around 35.3 billion following a 2.3% increase in the day. Analysts observe that a second run in the market would be possible should Bitcoin and Ethereum continue their recent gains. Other asset-backed holdings, such as XRP, Solana, and Cardano, would increase risk appetite and propel Dogecoin.
The world crypto market has increased by 1.88% to 2.35 trillion over the last day. Spot ETFs remain a growing form of visibility, with the latest inflows of approximately 9.05 million. On-chain indicators also demonstrate higher accumulation of whales and active addresses. These changes are indicative of sentiment improvement and a possible shift towards greater price levels.
Dogecoin price eyes a 100% breakout as holds key support. As of the reporting, the DOGE price traded at $0.10, showing a slight surge of 3% over the past 24-hours. The Chaikin Money Flow indicated around 0.04 that there was a light accumulation coming back after a sluggish season. The RSI values were around 52, indicating neutral momentum without exhaustion.
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