Dogecoin (DOGE) has been one of many prime performers within the crypto market for the reason that starting of the brand new yr. The primary memecoin gained almost 30% over the previous 4 days, outperforming main cryptos amid an increase within the broader market sentiment.
The transfer is mirrored within the 21Shares 2x Dogecoin ETF (TXXD), which is among the best-performing ETFs to begin 2026, in line with Bloomberg ETF analyst Eric Balchunas.
The speculative curiosity in Dogecoin additionally improved barely within the conventional crypto market, with its open curiosity (OI) rising to 13.47 billion DOGE on January 2 — its highest stage for the reason that October 10 leverage flush, per Coinglass knowledge. Nonetheless, that determine has barely retreated to 12.68 billion DOGE regardless of a gradual worth rise, indicating some scepticism amongst merchants.
In the meantime, the rise is not restricted to Dogecoin because the broader memecoin class has seen its market capitalization rise over 30% to $47.8 billion up to now 4 days.
The transfer follows months of underperformance, with the memecoin to altcoin dominance ratio plunging to historic lows of 0.032 in December. Which means memecoins accounted for under 3% of the final altcoins market cap. Nonetheless, a large memecoin season kicked off following the final time the metric reached such ranges.
With latest features throughout a number of memecoins, the sector may very well be hinting at a comeback, in line with CryptoQuant contributor Darkfost.
Dogecoin Value Forecast: DOGE might sort out the $0.166 resistance
DOGE has risen above the 50-day Exponential Shifting Common (EMA) and is trying to sort out the $0.166 resistance close to the 100-day EMA. An increase above might push the highest memecoin to sort out the $0.181 hurdle close to the 200-day EMA.
On the draw back, Dogecoin might discover help at $0.142. A decline under $0.142 and ultimately the 20-day EMA might push its worth towards $0.121.
The Relative Power Index (RSI) is above its impartial stage, whereas the Stochastic Oscillator (Stoch) is in its overbought area, indicating a rising bullish momentum. Sustained overbought circumstances within the Stoch might spark a pullback.
