Dogecoin jumps 4.5% to nearly 10-cents, outperforming bitcoin and ether

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Shaurya Malwa Apr 16, 2026, 5:32 a.m. Make preferred on 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. Dogecoin is pushing higher on strong volume, but the move is still being driven more by positioning than underlying demand. The rally looks technically clean, yet the bigger question is whether it can sustain without broader participation returning. News Background • DOGE outperformed the broader crypto market, beating both bitcoin and ether as capital rotated into higher-beta assets during the session. • 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. Technical Analysis • The breakout is backed by volume, which confirms real participation and not just thin liquidity. • Late-session buying spikes signal institutional involvement, particularly during the push through $0.097. • However, the broader structure remains a compression below descending resistance, not a confirmed trend reversal. • The divergence between rising open interest and falling on-chain activity points to a market driven by leverage rather than demand. What traders should watch • $0.096 now acts as immediate support. Holding this level keeps the breakout intact. • $0.104 is the key resistance. A clean break above it would shift structure more clearly bullish. • A move back below $0.092-$0.090 would invalidate the setup and expose DOGE to a deeper pullback. More For You Bitcoin steady as S&P 500 hits record, but options market isn't buying the peace trade By Shaurya Malwa | Edited by Sam Reynolds 50 minutes ago Crypto's derivatives desks still want downside protection, QCP says, and long-end yields and gold aren't confirming the risk-on move. What to know : Bitcoin neared $75,000 alongside record highs in U.S. equities, as investors reacted to reports of an in-principle U.S.-Iran agreement to extend cease-fire talks beyond April 7. Derivatives and options markets are signaling caution despite the spot rally, with negative funding rates, softening open interest and elevated demand for downside protection... Read full story Latest Crypto News Ripple partners with Korea's Kyobo Life to tokenize government bond settlement 30 minutes ago Bitcoin steady as S&P 500 hits record, but options market isn't buying the peace trade 50 minutes ago Bitcoin devs bet a quantum attacker will play nice with a ‘wait and react’ plan 1 hour ago Solana Policy Institute-backed PAC spends millions to jam Sherrod Brown's Senate run 6 hours ago Bitcoin capped at $75,000 as Nasdaq and S&P 500 fly to new record highs 6 hours ago Justin Sun blasts Trump-linked WLFI's 'absurd' governance vote, escalating feud 7 hours ago Top Stories Tether adds $70 million in bitcoin to reserves, bringing holdings above 97,000 BTC 10 hours ago Why Morgan Stanley's CFO sees tokenization as the next big step for its multi-trillion wealth business 14 hours ago Crypto's new $11 million PAC booked millions in ads with firm started by Tether US CEO 9 hours ago Bitcoin developer Jameson Lopp says it's better to freeze 5.6 million BTC than let hackers have them 13 hours ago Allbirds abandons sneakers in pivot to AI computing, shares surge 400% 15 hours ago Beyond ‘digital gold,’ Iran conflict forces a rethink of the nature of bitcoin 16 hours ago