Department Of Government Efficiency(DOGE) Token Surges 47% in a Day: Can the Momentum Hold？

The Department Of Government Efficiency (DOGE) token is currently making waves in the crypto market with a powerful upward move. In the last 24 hours, DOGE token jumped an impressive 47.05%, reaching a price of $0.03875. This surge has been accompanied by a massive 241.42% increase in trading volume, which now stands at $13.7 million.

The sharp rise in both price and volume suggests a strong wave of bullish sentiment and growing attention from traders and investors. With the market cap sitting at $37.94 million and over 33,000 holders, the tokens momentum seems far from a fluke. It signals the possibility of DOGE transitioning from a micro-cap curiosity to a more prominent altcoin.

Key Support Levels Reinforce Buyer Confidence

The current uptrend appears well-supported by strong foundational price levels. The most solid base lies at $0.024, which marks the tokens lowest historical point. This zone has proven to be a magnet for buyers, reinforcing its role as a firm safety net during pullbacks.

Source: CoinMarketCap

Furthermore, the $0.028 to $0.030 range served as a launchpad in recent sessions. Buyers quickly stepped in during brief dips, confirming this area as a minor but crucial layer of support. If price retracements occur, this region could stabilize DOGEs value and allow for a healthy consolidation phase before another upward leg.

Related: Altcoin Season Delayed as Bitcoin Dominance Holds at 61.7%

Resistance Ahead Could Define Short-Term Trajectory

While the bullish energy is undeniable, DOGE now faces a critical test near the $0.039 to $0.040 resistance zone. This level has repeatedly blocked upward progress, as sellers tend to take profit around this price. Breaking above this range with strong volume could trigger a breakout scenario and open the door to new highs.

Related: Altcoin Oscillator Key to Altseason: Now 38%, Will 50% Breakout Ignite ETH to $3250？

If the $0.040 barrier is cleared, bullish traders may aim for uncharted territory. However, if the token struggles here, a short-term correction back to support levels may follow. Consequently, traders should watch volume patterns closely, as they often signal whether a breakout or rejection is imminent.