DOGE Breaks Downtrend as Price Jumps Above $0.13

⬤ Dogecoin made a sharp move higher after breaking through a descending trendline on the 4-hour chart, pushing toward $0.13. The price was trading near $0.13095, up more than 2% for the session. The breakout came after DOGE had been trending lower throughout late December before suddenly reversing in early January.

⬤ After spending time consolidating below the downtrend line, DOGE accelerated upward and punched through resistance, showing fresh buying interest. The rally followed one of the deeper pullbacks in recent weeks, where Dogecoin briefly dipped below $0.12 before snapping back.

⬤ The big question now is whether DOGE can hold above the old resistance zone and turn it into support. There’s concern about a possible liquidity grab—where price spikes higher temporarily before pulling back—so some traders are waiting for confirmation before jumping in. If Dogecoin keeps momentum above the breakout level, it could fuel more bullish energy. But if it fails to hold, the token might slide back into its previous range.

⬤ This move comes during an active stretch across crypto markets, where sentiment shifts can trigger quick price swings in speculative assets like Dogecoin. The breakout shows how technical turning points can reignite interest in meme coins, though whether this recovery sticks will depend on follow-through and how the market reacts to the recent surge.