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Home » Dogecoin Price Surges as Bitcoin Nears $104K
Dogecoin

Dogecoin Price Surges as Bitcoin Nears $104K

Alice MonroeBy Alice MonroeMay 18, 2025No Comments3 Mins Read
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Dogecoin price jumped 10% on May 10, 2025, to the $0.20 level and at $0.2418. The rally came as part of a wider market rally as Bitcoin closed in at $104,000. Increased risk-on sentiment, solid macroeconomic data, and technical benefits fueled the rally. The Dogecoin rally triggered over $13 million of liquidations, an indication that bullish momentum’s return to meme coin markets.

Bitcoin, in the meantime, recorded a 0.03% each day gain, buying and selling at $103,893. The leading cryptocurrency is now simply underneath its January 2025 all-time high of $109,a hundred and fifteen. A bullish flag-and-pole sample is rising, suggesting a capability breakout closer to $115,600. The $107,000 resistance zone remains a essential barrier.

Ethereum also contributed to the crypto revival. Following its Pectra improve, ETH rose 3.Five% to $2,513, registering a 30% weekly gain. Pectra delivered key reforms, inclusive of stepped forward validator overall performance and improved blob capacity, making Ethereum greater attractive to institutions.

See also  DOGE Price Rises After ETF Filing

Traders Support Dogecoin’s Price Raise

Growing open interest, which increased 18% to $2.17 billion, supported Dogecoin price gains. Trader optimism is reflected in Binance’s long/short ratio of 2.46. Short sellers were responsible for $11.3 million of the $13 million in liquidations.

The overall risk desire in financial markets is reflected in this bullish setup. Increased investor confidence was indicated by the Crypto Fear & Greed Index’s jump to 65 (Greed). President Trump’s positive stance on trade talks between the United States and China further improved sentiment. Global optimism was increased by a new trade agreement between the United States and the United Kingdom.

Regulation Supports Dogecoin’s Price

The positive momentum aided by regulations that were favourable to cryptocurrencies. HB 302, which was passed by New Hampshire, enables a Bitcoin reserve of up to 10% of state funds. By enacting HB 2749, Arizona created a cryptocurrency reserve which made staking-based rewards possible. These legislative actions highlight the growing political support for digital assets, particularly in the run-up to the elections in November 2025.

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The price of Dogecoin may keep rising as a result of these advantages. The situation is changing as a result of states’ adoption of cryptocurrency reserves and institutional optimism. This trend is further supported by MicroStrategy’s $84 billion “21/21 Plan.”

Key Resistance Expected Ahead

Risks still exist even with the urge. U.S.-China negotiations breaking down or delays in ETF approvals for altcoins could reverse gains. The significant year-to– date increase (+55%) of BTC increases the risk of profit-taking close to the $105K zone. Further altcoin momentum may be slowed down by SEC investigation of new ETF applications, particularly for tokens like XRP and Solana.

However, the market is set up for possible growth. Ethereum sees $2,700; Bitcoin’s next challenge is the $107,000 level. To keep its memecoin leadership, dogecoin price has to rise above $0.25.

Dogecoin price reflects broader investor confidence under macro, technical, and regulatory factors. 2025 might confirm crypto’s place in mainstream portfolios with geopolitical stability and pro-crypto policy in focus. Check out institutional flows, ETF developments, and resistance levels to steer the next major shift.

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Alice Monroe
Alice Monroe

Alice Monroe is an Associate Writer at Crypto Junction, covering crypto trends, token marketing, and emerging blockchain projects with a focus on real market insights.

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