Dogecoin (DOGE) Surges 12 Percent, Riding the Wave of a Broader Crypto Recovery

DOGE has bounced back from a downward trend and is showing bullish momentum. Now trading at $0.1804, it has pushed above key resistance levels.

Dogecoin (DOGE) has surged by 12 percent, pushing above key resistance levels as broader crypto prices recover and traders spot potential for another leg up. The coin dropped to lows of $0.11 in early May before bouncing back.

If it can hold support above $0.16, traders believe that Dogecoin could rally to test the next resistance point at the $0.2 mark. Volume has also spiked in recent days, with daily trading activity jumping 25.90 percent.

At the time of writing, Dogecoin is changing hands at $0.1804, with a 24-hour trading volume of over $1.17 billion.

The state of Oregon has sued Coinbase, listing XRP among 31 tokens allegedly traded as unregistered securities. This follows the SEC’s case against Ripple, which ended with a partial victory for the blockchain firm.

However, the state-level action does not carry the same federal weight and is being brought in a different capacity. Nonetheless, the lawsuit's broad scope and inclusion of XRP, despite recent legal progress, are raising fresh concerns over the token's regulatory status.

As the lawsuit unfolds and XRP faces ongoing legal pressure, its price and market standing will be closely monitored for any significant shifts or reversals.

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