Dogecoin (DOGE) is racing against time, with fewer than 24 hours to upturn its five-month negative price streak and close in the green.
Cryptorank data shows that the king of meme coins has, since October 2025, closed double digits in the red.
Notably, it suffered losses of 20%, 21.3% and 19.9% in October, November and December 2025, respectively.
In the month of March, DOGE has an average of -0.06%, offering the asset an opportunity to regain a bullish close.
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.
As of this writing, Dogecoin exchanges hands at $0.09279, which represents a 2.03% increase in the last 24 hours.
The meme coin has the potential to test resistance near the $0.093-$0.095 zone if it closes by at least 3%.
If it breaches this level and reclaims the $0.10 price level, DOGE could flip its five-month negative record.
Sellers have recently been active at the $0.093-$0.095 zone.
Kraken traders had acquired 4.5 million DOGE as the meme coin slipped below $0.09.
The total value of Dogecoin purchases within 12 hours was placed at over $405,000.
If the ecosystem receives such massive buy pressure, it could support its quest to end its bearish trend.
Dogecoin’s Relative Strength Index is at 59.24, which suggests that it is not overbought yet.
The meme coin’s continued uptick might also depend on Bitcoin’s performance, to which it is coupled.
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