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Dogecoin jumps 4.5% to nearly 10-cents, outperforming bitcoin and ether
Breakout backed by heavy participation and late-session buying, though weak on-chain activity raises questions over durability.
Apr 16, 2026, 5:32 a.m.
What to know:
- Dogecoin extended its recent rally, outperforming bitcoin and ether as capital rotated into higher-risk crypto assets.
- The latest move appears driven largely by derivatives and leveraged positioning, with on-chain activity and daily active addresses still trending lower.
- Traders are watching $0.096 as near-term support and $0.104 as key resistance, with a drop below the $0.092–$0.090 area likely signaling a deeper pullback.
• Despite the price strength, on-chain activity remains subdued, with daily active addresses trending lower. This suggests the move is being driven more by derivatives and short-term positioning than organic network demand.
Price Action Summary
• DOGE climbed from $0.093 to $0.098, breaking through the $0.095 resistance zone on strong volume.
• The move developed through a series of higher lows, showing steady accumulation rather than a single spike.
• Price accelerated into the final hour, pushing toward session highs and holding above $0.096 support.
