Dogecoin's price surged by 8.6% from $0.198 to $0.213 before retracing to close at $0.202, indicating a significant intraday reversal. This volatility occurred amidst a broader crypto market rally, prompted by Bitcoin reaching an all-time high of $118,000, driven by institutional inflows estimated at $50 billion. Trading volumes for Dogecoin peaked at 1.1 billion during the volatility, establishing resistance between $0.208 and $0.213. Analysts pointed out that profit-taking by major holders occurred around $0.211, leading to the price pullback. Despite the drop, support levels were tested between $0.200 and $0.201 and remained intact, showcasing the significance of the $0.200 mark. Going forward, traders will focus on whether Dogecoin can reclaim and hold above crucial resistance levels to support further bullish momentum, while broader market sentiment also remains a key factor influencing altcoin flows.

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