TLDR
- Dogecoin price rose 11% in 24 hours and 16% weekly, reaching $0.144.
- DOGE traded above its daily MA 50 of $0.139 for the first time since October.
- Trading volume rose 57.3% to $3.08 billion in 24 hours.
- Market interest in DOGE grew on Reddit, Telegram, and X over the weekend.
Dogecoin (DOGE) showed strong upward momentum at the beginning of 2026, with the price rising 16% on a weekly basis. Within 24 hours, the asset gained 11%, reaching $0.144. This marked a sharp recovery from its January 1 low of $0.117.
DOGE’s price reached $0.1444 on Saturday before experiencing a slight pullback. This price movement reflects renewed buying interest and growing confidence among traders as meme coins take center stage early in the year.
Key Technical Breakout Above MA 50
A notable development in Dogecoin’s performance is its move above the 50-day moving average (MA 50), currently at $0.139. This is the first time since October 9 that DOGE has closed above this level.
The breakout was accompanied by strong trading activity. Volume surged to the highest levels in weeks, confirming increased participation. Data showed that Dogecoin’s daily trading volume rose 57.3%, reaching $3.08 billion. This increase helped push DOGE out of a prior compression zone.
Trader Sentiment Strengthens Across Platforms
According to on-chain analytics platform Santiment, Dogecoin was one of the most-discussed assets over the weekend. Increased discussions were observed on Reddit, Telegram, and X. These conversations mainly focused on DOGE’s price action, technical setups, and rising interest from large holders, often referred to as “whales.”
Dogecoin to the moon? 🌕$DOGE social engagements are up +50.22% over last week with accelerating community interest on top of a 14.4% weekly jump in price. pic.twitter.com/xtsNwPE4T4
— LunarCrush (@LunarCrush) January 2, 2026
Telegram discussions focused on the price rally and speculation around support from public figures like Elon Musk. X users noted larger wallet activity and potential bullish patterns that could continue to support upward momentum.
Market Sees Broader Meme Coin Momentum
Dogecoin’s performance is part of a broader trend in the altcoin market, where meme coins are seeing increased interest. Traders refer to this as “meme season,” as retail engagement appears to grow at the start of the year.
The price movement and volume surge suggest DOGE has re-entered a more active trading phase. The ability of Dogecoin to hold above the $0.14 mark will be watched closely. Analysts consider this a key short-term support level due to recent resistance in this range.
Crypto markets are also experiencing shifts in dominance, with altcoins like SHIB and XRP also recording large gains. Bitcoin’s dominance dropped during the week, further boosting attention on alternative assets like Dogecoin.
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