Is Dogecoin (DOGE) about to explode? The most prominent meme coin on the market could be facing a much-needed surge if the bulls can maintain momentum. Dogecoin (DOGE) could be facing a notable 10% jump if it can surpass one crucial level, and continue to show bullish activity. Dogecoin’s price surge reignites interest as the meme coin leader bounces back from a week of flat performance. Analysts pinpoint $0.45 as a critical resistance level for a significant breakout.

But what’s driving this potential Dogecoin (DOGE) rally? Recent technical analysis shows DOGE was able to gain pace for a move above the $0.1800 and $0.1850 resistance levels. There was a break above a key bearish trend line with resistance at $0.1620. If Dogecoin can decisively beat this crucial level, a 10% jump, or even more, could be in the cards.

Beyond technical indicators, another bullish driver for DOGE is the increasing accumulation by institutional players and large holders, often referred to as whales. According to blockchain analytics, these large investors are steadily increasing their DOGE holdings, suggesting a strong belief in its future potential. Keep an eye on $0.45; a break above this point could signal a major shift in Dogecoin's trajectory.