Dogecoin Surges 30% Amid ETF Activity and Memecoin Revival

Dogecoin (DOGE) Extends Rally

DOGE continues its upward trend into early 2026, with a nearly 30% rise over four days.
The memecoin consolidates above key technical levels, supported by increased trading volumes and derivatives data.
The popularity of leveraged Dogecoin ETFs contributes to the rally.

Dogecoin DOGEUSD Chart

Technical Analysis

DOGE established a base around $0.132, breaking resistance at $0.145 and $0.150, peaking near $0.154.
Currently trading around $0.151, DOGE remains above short-term moving averages with support at $0.150 and $0.145.
RSI indicators show ongoing bullish momentum, though minor pullbacks might occur due to overbought oscillators.
Breaking $0.154-$0.155 could target $0.162-$0.166, with potential extensions to $0.175-$0.180.
A drop below $0.142 may lead to support near $0.135.

DOGE ETF Activity and Whale Accumulation

Open interest in Dogecoin futures peaked, indicating cautious management of leveraged positions.
The 2x leveraged Dogecoin ETF is among the top performers in Q1 2026, showing institutional and retail interest.
Large holders are accumulating DOGE, suggesting confidence in further upside and potential price gains.

Memecoin Revival and Market Trends

The memecoin sector's market cap increased by over 30%, reaching nearly $48 billion.
Historically, periods of low memecoin dominance precede significant rallies, with DOGE often leading these cycles.
The broader crypto market's stability, particularly in Bitcoin and Ethereum, supports speculative flows into assets like DOGE.
Social media engagement and mentions from influencers can provide additional catalysts.