Dogecoin Price Surges 11% as DOGE Trading Volume Quadruples - Technical Analysis & Price Prediction

Dogecoin (DOGE) experienced a significant 11% price surge, breaking through key resistance levels as buying volumes skyrocketed to four times the daily average. The cryptocurrency climbed from $0.19 to challenge the $0.22 threshold, with institutional investors driving the momentum. Technical indicators including MACD and RSI turned decisively bullish during the October 12-13 trading session. Analysts note that sustained closes above $0.22 could target the $0.24-$0.25 resistance zone, while $0.19 serves as crucial support. The rally coincided with increased institutional activity and broader meme-coin market recovery, with trading volumes spiking to 2.54 billion DOGE compared to the 685 million daily average. Traders are monitoring whether DOGE can maintain its breakout momentum and institutional accumulation continues through weekend trading sessions.