Dogecoin is in a race against time and has less than 24 hours to upturn its five-month negative price streak and close in the green. Notably, it suffered losses of 20%, 21.3% and 19.9% in October, November and December 2025, respectively. Investors who anticipated a bullish January 2026 because of Dogecoin’s historical average gain of 76.% were left disappointed as the meme coin plunged by 11.3%. In the last 24 hours, Dogecoin has climbed by over 1.9%, mirroring the growth of Bitcoin amid broader market recovery.
Despite fluctuating between a low of $0.08863 and a peak of $0.09363, trading volume has spiked by 13.16% to $1.1 billion, signaling increased activity. The engagement has been largely driven by positive sentiment in the Dogecoin community. Kraken traders had acquired 4.5 million DOGE as the meme coin slipped below $0.09, with over $405,000 worth of purchases in 12 hours. If buy pressure persists, it could support its quest to end its bearish trend, with DOGE around $0.09279 and a 2.03% gain, potentially testing the $0.093-$0.095 resistance.
At the moment, Dogecoin’s Relative Strength Index is at 59.24, which suggests that it is not overbought yet. Additionally, the meme coin’s continued uptick might also depend on Bitcoin’s performance, to which it is coupled.
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