The world’s original meme coin is back in the headlines. Dogecoin (DOGE) surged to the key psychological level of $0,2000 on Friday, signaling a powerful wave of retail interest and cementing a banner day for the entire meme coin sector.
While Bitcoin captured attention by smashing a new all-time high of nearly $118.900, a different story is unfolding in its shadow. Investors appear to be rotating capital into higher-risk, higher-reward assets, and meme coins are the primary beneficiaries. This shift has ignited a market-wide rally, with Dogecoin leading the charge and demonstrating that its cultural relevance remains a powerful market force.
The Meme Coin Market Takes Over
The outperformance of meme-based assets is not just a feeling; it’s in the numbers. Over the past 24 hours, the meme coin category has significantly outpaced more established sectors like smart contract platforms and Layer-1 protocols, showcasing a clear shift in investor appetite.
| Crypto Sector | 24-Hour Gain | Total Market Cap |
| Meme Coins | +12% | $71.000 million |
| Smart Contract Platforms | +6,2% | $3,2 billones |
| Layer-1 Protocols | +6,1% | $3,1 billones |
This surge has pushed the collective value of meme coins to a staggering $71.000 million, proving they are a formidable segment of the broader crypto ecosystem.
Big Money Bets on a DOGE Breakout
The confidence in Dogecoin’s rally is further reflected in the derivatives market, where sophisticated traders place their bets.
Open Interest—a measure of the total value in active futures contracts—has climbed back to $2.570 million. This indicates that new capital is flowing in, with traders increasingly willing to speculate on DOGE’s future price movements. Alongside this, daily trading volume has swelled to an impressive $7.200 million.
This aggressive bullish sentiment has come at a cost for those betting against the meme coin. In the last day alone, traders with short positions saw $10 million in liquidations, a painful wipeout that suggests the upward momentum has significant force behind it.
What’s Next for the Dogecoin Price?
With the price hovering just under the $0,2000 mark, all eyes are on whether Dogecoin can establish this level as its new floor. The technical outlook remains bullish, with the price trading comfortably above key support indicators:
• 200-day EMA: $0,1818
• 100-day EMA: $0,1748
• 50-day EMA: $0,1725
DOGE/USDT daily chart
These moving averages act as potential safety nets, ready to absorb selling pressure if some investors decide to take profits.
However, a word of caution comes from the Relative Strength Index (RSI), a momentum indicator currently reading 80. A level above 70 is typically considered “overbought,” suggesting the rally might be overheated and due for a brief consolidation or pullback before its next potential leg up. For now, the path of least resistance appears upward as bulls aim to close the day decisively above the $0,2000 milestone.
