Dogecoin Jumps 5% as V-Shaped Recovery Shows Rising Demand

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Shaurya Malwa
June 11, 2025
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By Shaurya Malwa, CD Analytics|Edited by Parikshit Mishra

Jun 11, 2025, 7:22 a.m.

Dogecoin surged 4.8% amid renewed interest and speculation about a potential DOGE ETF.
The token’s integration with the Coinbase-backed Base network has enhanced its utility in DeFi applications.
Significant trading volume and institutional interest suggest Dogecoin could remain a key performer despite market uncertainty.

Dogecoin DOGE] jumped 4.8% over the past 24 hours, climbing from 18 cents to 19 cents amid renewed bullish momentum and significant trading volume.

The rally, marked by a V-shaped recovery from key support levels, is indicative of DOGE’s resilience as it attracts attention from both retail and institutional investors.

STORY CONTINUES BELOW

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News Background

Dogecoin’s latest rally comes amid renewed interest in meme coins and growing speculation around a potential DOGE ETF. According to Polymarket data, traders now estimate a 51% chance of SEC approval for a DOGE ETF in 2025, a development that could bring substantial institutional inflows.
Meanwhile, Dogecoin’s integration with the Coinbase-backed Base network has enhanced its utility in DeFi applications, making it easier for users to engage with the token across multiple platforms.
As geopolitical tensions and evolving trade policies continue to roil traditional markets, Dogecoin’s role as a speculative asset — and potential hedge — remains in focus.
Institutional whale activity, along with sustained interest from high-volume traders, suggests the token could remain a key performer even amid broader market uncertainty.

Price Action

Dogecoin’s rally was highlighted by a dramatic price surge during the 11:00-13:00 window, where volume spiked to 541 million and 589 million units respectively — more than double the average.

The surge established a strong high-volume resistance zone at $0.198-$0.199. DOGE’s price bounced decisively from $0.194 support, forming a V-shaped recovery pattern with renewed buyer interest.

Technical Analysis Recap

DOGE climbed from $0.189 to $0.199, a 4.8% gain.
Significant volatility occurred during 11:00-13:00 UTC, with volumes of 541 million and 589 million.
Resistance established at $0.198-$0.199, with support at $0.189.
V-shaped recovery pattern formed in the final hour, with substantial buying interest at $0.194.
Volume spikes at 01:56 UTC to 7.2 million and during the final 10 minutes confirmed strong buyer interest.
Price established new resistance at $0.196, suggesting potential continuation of the uptrend.

Disclaimer: Portions of this article were generated with the assistance of AI tools and reviewed by CoinDesk’s editorial team for accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.