Dogecoin Breaks Out as Volatility Returns to the Market

Dogecoin (DOGE) has kicked off the new year with a powerful breakout, currently trading near $0.158 (approx. 208 NGN) after jumping 24.4% in the opening week of 2026. This surge marks a definitive exit from its late-2025 bearish channel, fueled by a resurgence in risk sentiment and renewed whale interest as the total crypto market cap reclaims the $3 trillion milestone. Bitget’s GetAgent highlights that while DOGE faces immediate technical resistance at the $0.17 level, the underlying liquidity is thinning on the sell-side, suggesting that any sustained move above the 200-day moving average could trigger a "moon shot" toward $0.21. This explosive volatility is currently being harnessed in the Bitget Trading Club Championship (Phase 25), where DOGE along with othe tokens like $ETH,$XRP and $BTC has become a top-tier asset for high-volume scalping. Traders are using the championship’s competitive structure to turn DOGE’s signature price swings into leaderboard points, leveraging the token's massive liquidity to hunt for a share of the multimillion-dollar prize pool.