Dogecoin Soars 40% in Explosive Surge: What Signals This Price Rally?

A remarkable surge in Dogecoin’s price has sent shockwaves through the cryptocurrency market, with DOGE’s value jumping over 40% in recent weeks. The meme coin has surpassed $0.24 at the time of writing, a milestone that signals a dramatic shift from dormancy to leadership among meme coins and mid-cap assets. This upward momentum is driven by increased on-chain activity, renewed retail interest, and a broader recovery seen across the cryptocurrency market. 📈 The turning point was triggered by Dogecoin’s breakout above its 200-day EMA, which confirmed a shift in sentiment towards bullishness.