Dogecoin price stabilizes as bullish three-drives structure develops

The cryptocurrency market is experiencing a notable surge, with Bitcoin, Ethereum, and Dogecoin seeing significant price increases. This uptick follows the release of positive US economic data, highlighting improvements in unemployment and consumer spending, alongside potential regulatory changes from a proposed bill.

Monero's price has surged to new multi-month highs, trading around $690, reflecting a strong market interest in privacy-focused cryptocurrencies. This rally marks an 8% increase on the day, indicating a bullish market structure despite potential leverage-driven volatility.

Bitcoin long-term holders are exhibiting early signs of capitulation as a key on-chain metric has fallen below a critical threshold, indicating increased selling pressure in the market. This trend suggests that long-term investors may be losing confidence in the asset's price stability.

Dogecoin's price increased by 4.5% on January 13, 2026, as it began to recover from recent losses, with bullish patterns indicating a potential upward trend. This rise comes amid a critical price level where technical analysis suggests sellers are showing signs of exhaustion.