TLDR
- Dogecoin rose nearly 15% in 24 hours as Bitcoin climbed above $73,000
- DOGE trading volume jumped 78% to $2.39 billion in a single day
- The RSI hit around 70, approaching short-term overbought territory
- Key resistance sits at $0.12, with a secondary target at $0.15
- “Altseason” social media mentions have dropped to extreme lows, which has historically preceded DOGE rebounds
Dogecoin’s price jumped sharply on Thursday, rising close to 15% within 24 hours. The move came as the broader crypto market staged a recovery led by Bitcoin climbing above $73,000.
At the time of reporting, DOGE was trading at around $0.102. The coin broke above the $0.10 level, which had acted as a key support zone.
Ethereum also posted gains during the same period, rising around 8%. The total crypto market cap grew by 6% in 24 hours, reaching $2.49 trillion.
Dogecoin was the top performer among large-cap digital assets during this rebound. It outpaced both Bitcoin and Ethereum in percentage gains over the 24-hour window.
$Doge/daily#Dogecoin broke out to the upside from the Symmetrical Triangle 🔥 https://t.co/oJOP26fELh pic.twitter.com/ixbfUEdYWL
— Trader Tardigrade (@TATrader_Alan) March 5, 2026
Trading volume for DOGE reached $2.39 billion in that same period. That represents a 78% increase in trading activity compared to the prior session.
The meme coin sector as a whole saw gains. PEPE, SHIB, BONK, and PUMP all recorded increases alongside DOGE. The total meme coin market cap reached $35.2 billion, up 5%.
What Drove the Rally
Investor confidence improved following macroeconomic news. Reports emerged that Iran’s Ministry of Intelligence signaled readiness to negotiate, which could ease tensions between the United States and Israel.
This news lifted risk assets broadly. Crypto markets responded alongside traditional financial markets.
Bitcoin ETF inflows also played a role in lifting overall market sentiment. Total net inflows into Bitcoin spot ETFs reached $225 million on March 3.
BlackRock’s IBIT ETF led the way with approximately $322 million in inflows. Bitwise and Grayscale also hold SEC-approved products tied to Dogecoin.
Technical Levels to Watch
On the four-hour chart, DOGE broke above $0.10 with growing bullish momentum. The Relative Strength Index climbed to around 70, showing strong demand but nearing overbought levels.
$Doge/monthly#Dogecoin has retested the historical bottom support channel for the third time.
Aiming for the $3 target 🔥 pic.twitter.com/XkwoG24Ahd— Trader Tardigrade (@TATrader_Alan) March 5, 2026
The Chaikin Money Flow indicator remains in positive territory. This suggests continued capital inflow into Dogecoin.
The nearest resistance level sits at $0.12, where the price has previously stalled. A confirmed break above that zone would open the path toward $0.13.
If buying pressure continues, analysts are watching $0.15 as a secondary target. A failure to hold above $0.10 could bring a pullback toward $0.095.
Analytics firm Santiment flagged that social media mentions of “altseason” have fallen to extreme lows. Historically, similar low readings have lined up with local bottoms for Dogecoin.
Santiment noted that while the pattern has repeated before, it is not a guaranteed trading signal.
DOGE was last trading around $0.093 in the most recent data available, reflecting a 1% decline over the prior seven days before Thursday’s rally.
