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Dogecoin jumps 14% in a month but faces strong resistance, with Bitcoin's trend key for a sustained rally.

Market News
08 May 2026
Benzinga
View Source
Bullish
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Dogecoin has risen about 14% over the past month, driven by renewed speculative interest and increased whale activity. However, analysts caution this may be a short-term recovery rather than a full bull run, highlighting key resistance levels between 11.7 to 12.5 cents and 13.6 to 15.9 cents. Momentum indicators are strong but the coin is currently overbought, raising the risk of a pullback. A sustained Dogecoin rally likely depends on Bitcoin reclaiming and holding the $95,000-$100,000 range, as most altcoins, including Dogecoin, tend to follow Bitcoin's trend.

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