The digital asset market started 2026 with a bullish move led by the sector’s most iconic meme coin. The recent Dogecoin double-bottom break allowed the price to climb to $0.126, breaking through several key resistance levels. According to Shaurya Malwa from CD Analytics, this momentum was supported by strong activity in the spot markets during the last session.
The cryptocurrency managed to clear the $0.121 resistance band with the highest trading volume recorded in recent weeks. This technical phenomenon transformed a previous compression zone into a launchpad for new bullish price targets soon. Therefore, the Dogecoin double-bottom break marks a shift in market sentiment, moving away from previous selling pressure.
Likewise, the trading volume reached 1.23 billion tokens, standing 183% above the usual daily average for the asset. This massive increase suggests that the current movement is healthy and does not rely solely on derivatives or leveraged spikes. In this way, buyers have demonstrated a real capacity to defend the recovered levels recently seen on the daily chart.
Price consolidation following the rally strengthens the current technical market structure
On the other hand, the technical structure shows that the asset has completed a solid base near $0.121. Following the Dogecoin double-bottom break, traders’ focus is now centered on maintaining the $0.1245 support level. In this sense, the market has shown reduced volatility and positive lateral consolidation after reaching the session high.
It is important to note that this cryptocurrency often acts as a barometer for risk appetite in the ecosystem. If the current support level remains firm, the price has a clear path toward the supply zone between $0.132 and $0.134. Therefore, investors are closely watching for any sign of weakness that could invalidate the move at this stage.
Will DOGE manage to maintain its momentum above the key $0.1245 support level?
However, if the price loses the $0.1245 level, the breakout could be considered a failed move. In that scenario, the asset would return to its previous base, reopening the risk of a fall toward lower levels of technical support. Therefore, the validation of the Dogecoin double-bottom break depends exclusively on the bulls’ defense.
Finally, the success of this rally will determine the trajectory of meme coins during the first quarter. If $0.132 is surpassed, the price could quickly move toward the $0.136 target per unit in the short term. Undoubtedly, the strength of the spot market will be the factor to consolidate this new phase of financial growth.
