DOGE price: Dogecoin jumps 4.5% to nearly 10-cents, outperforming bitcoin and ether

Dogecoin experienced a significant price increase of 4.5%, reaching nearly 10 cents and surpassing the performance of Bitcoin and Ether. This rally was supported by strong trading volume and buying activity in the latter part of the session. However, despite the technical breakout and signs of institutional involvement, on-chain activity remains subdued, with daily active addresses trending lower. This suggests that the price movement is primarily driven by derivatives trading and short-term positioning rather than organic network demand. Key technical levels to watch include $0.096 as immediate support and $0.104 as crucial resistance. A break below $0.092-$0.090 could invalidate the current bullish setup.

(Source：CoinDesk)