Dogecoin Rises 7% with $1.2B Volume Amid Crypto Market Recovery

Dogecoin (DOGE) has recently exhibited significant momentum, breaking out of a Double Bottom pattern that signals a potential bullish reversal, with price surging above key resistance levels to around $0.145 and trading volumes spiking by 35%. This price action coincides with broader crypto market gains, including Bitcoin's rise to $71,500, suggesting a strong correlation between major cryptocurrencies and meme coins during bullish phases. Despite this, DOGE faces considerable resistance near the $0.20 level and overall price volatility remains high, leading some investors to question its long-term viability due to limited utility and development. Political controversy has also entered the scene, as DOGE co-creator Billy Markus criticized President Trump's trade policies and alluded to political scandals, which alongside comments from figures like Elon Musk, has added uncertainty to both crypto and traditional markets. Meanwhile, as DOGE struggles to maintain support above critical levels, investor interest is shifting to emerging projects like Unilabs Finance (UNIL), an AI-backed asset management platform that has raised over $2.2 million in presale funding and is gaining traction for its potential to offer more stable returns amid market corrections. This divergence reflects a growing trend of reallocating capital from highly volatile meme coins like DOGE to innovative, utility-driven crypto assets.