Dogecoin (DOGE) Price Surges 18% in Three Days, Potential 55% Gain if $0.20 Support Holds

Dogecoin (DOGE) has experienced an 18% price surge over the last three days, making it the top-performing crypto among the top 30 by market capitalization in the past week. This rally marks DOGE's highest weekly returns since late 2024. According to Glassnode data, 7% of the DOGE supply is concentrated at $0.20, which could act as a support level. A breach of this level could lead to a 55% surge toward $0.31, as there is little Dogecoin supply until that point. On March 24, House of Doge announced the launch of "The Official Dogecoin Reserve" with an initial purchase of 10 million DOGE tokens, further fueling positive sentiment. Trader Tardigrade noted that Dogecoin has broken a three-month descending trendline, potentially signaling a short-term bullish trend.