Dogecoin Outperforms Majors as Leverage-Driven Rally Eyes $0.10

Dogecoin (DOGE) has seen a notable price increase, climbing from $0.093 to $0.098. The asset outperformed the broader cryptocurrency market during the session, as traders rotated capital into higher-beta assets while Bitcoin's momentum stalled near $75,000. The rally was characterized by a series of higher lows and strong trading volume, allowing the token to break through the $0.095 resistance zone. Late-session buying spikes suggest potential institutional involvement as the price pushed through the $0.097 level. Despite the price strength, on-chain data reveals a significant divergence. Daily active addresses are trending lower, suggesting that the current momentum is fueled by leverage and short-term positioning in the derivatives market rather than fundamental demand for the network's utility. From a technical perspective, immediate support is now established at $0.096. For a confirmed bullish trend reversal, DOGE must clear the key resistance level at $0.104. Conversely, a move back below the $0.090 to $0.092 range would invalidate the current setup and expose the asset to a deeper pullback.