Dogecoin Rallies 9% In 24 Hours: What Is Going On?

Dogecoin (CRYPTO: DOGE) is up 9% over the past 24 hours, marking a strong start to 2026.

Cryptocurrency	Ticker	Price	Market Cap	7-Day Trend
Dogecoin	(CRYPTO: DOGE)	$0.1295	$21.8 billion	+3.2%
Shiba Inu	(CRYPTO: SHIB)	$0.057533	$4.4 billion	+4.5%
Pepe	(CRYPTO: PEPE)	$0.055227	$2.19 billion	+29.4%

Trader Notes: Crypto analyst Kevin said Dogecoin is flashing an early bullish signal after printing a weekly reversal candle inside a key demand zone.

If the candle confirms at the weekly close and both DOGE and Bitcoin reclaim their 4-hour 200-day SMA/EMA, it could mark the bottom of the recent pullback and set up a countertrend bounce.

Bitcoin reclaiming the $88,000–$91,000 range remains the key confirmation for broader altcoin strength.

Crypto chart analyst Ali Martinez noted Dogecoin is targeting a move toward $0.08 after confirming a bullish breakout from its price channel, signaling improving upside momentum.

The Cryptomist added that DOGE has broken its daily downtrend, suggesting a potential trend shift. A successful retest of the breakout level would be critical, with upside targets at $0.15 initially and $0.21 on continuation.

Statistics: Coinglass data shows Dogecoin open interest rose to $1.71 billion on Jan. 2, up from $1.55 billion a day earlier.

Bitinfocharts data shows wallet addresses holding 0–0.1 DOGE increased to 3 million from 2.99 million, while addresses holding 0.1–1 DOGE climbed to 799,305 from 797,783.

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