Bitcoin surged above $91,000 on Sunday, leading a broad rally across major cryptocurrencies as geopolitical headlines from Venezuela boosted risk appetite among traders. Ether, Solana, and Cardano posted significant gains, extending the early 2026 rebound in the crypto market.

**Bitcoin traded around $91,300** in Asian morning hours, up about 1.4% on the day and more than 4% over seven days. **Ether rose roughly 1% to near $3,150** and is up about 7% on the week, while **Solana gained about 1.6%** and has climbed more than 8% over seven days. XRP hovered just above $2, rising about 0.6% on the day and nearly 10% over the week, while Cardano was modestly higher on the day and up about 8% in seven days.

The move followed a sharp liquidation flush that cleared crowded positioning and reset near-term leverage. Data showed roughly **$180 million in futures positions liquidated** over the past 24 hours, with about $133 million coming from shorts and $47 million from longs. The imbalance suggests traders were caught leaning against the rally, forcing buybacks as prices pushed higher.

Sunday’s gains also came as traders reacted to a fast-moving political situation in Venezuela. President Donald Trump said the U.S. plans to “run” Venezuela, while the White House offered few details on what that would entail. Venezuela’s Supreme Court granted Vice President Delcy Rodríguez all presidential powers in an acting capacity after ousted President Nicolás Maduro was taken into U.S. custody.

Trump also signaled a focus on Venezuela’s oil, saying the U.S. would have a “presence in Venezuela as it pertains to oil,” and suggested U.S. troops on the ground would not be necessary if Rodríguez “does what we want.”

Crypto traders often treat such headlines as a volatility catalyst rather than a direct macro driver, but the risk tone can still matter. In periods when liquidity is thinner, even modest spot demand can push prices through technical levels and trigger stop-driven moves in futures markets. That dynamic is amplified when shorts are positioned for a pullback, as forced covering can turn a grind higher into a sharper break.

Political changes in Venezuela, including U.S. plans for involvement, influenced market volatility and trading dynamics.

Bitcoin Soars Past $91,000 as Venezuela Political Turmoil Fuels Crypto Rally

Dogecoin has surged 4.36% to $0.1516, outperforming the broader crypto market as a short-term golden cross flashes on hourly charts. This rally is backed by strong volume, with 24-hour trading activity running about 40% above the 30-day average, signaling renewed speculative appetite in meme coins.

## News Background

Dogecoin and Pepe led a sharp meme coin bounce to kick off 2026, with DOGE up 11% and PEPE gaining 17% in a single day. Other dog-themed tokens like Shiba Inu, Bonk, and Floki also advanced, while smaller caps like Mog Coin and Popcat saw even larger gains, indicating speculative flows spilling into higher-beta names. The GMCI Meme Index shows a market value of roughly $33.8 billion with $5.9 billion in 24-hour volume, suggesting this surge isn't isolated. However, these bursts can be fragile, especially if bitcoin slips or positioning becomes crowded.

## Technical Analysis

DOGE broke out of the $0.1422–$0.1431 consolidation pocket and established a new base above $0.1463, flipping this level into support. The next resistance sits at $0.1520–$0.1530, where prior supply is likely to reappear. An hourly golden cross—where the 9-period SMA crosses above the 26-period SMA—has appeared, paired with rising volume, making this a meaningful move in fast markets.

## Price Action Summary

- DOGE rose 4.36% to $0.1516, outperforming the broader market
- Volume confirmation was strong: 24h volume trend is ~40% higher than the 30-day baseline
- DOGE flipped $0.1463 into support after clearing the $0.1422–$0.1431 range
- Next resistance sits at $0.1520–$0.1530, where prior supply is likely to reappear

## What Traders Should Know

This is a volume-confirmed momentum move within a broader meme coin rebound, acting as a temperature check on risk appetite. The setup is straightforward:

- **Bull case**: If DOGE holds $0.1463 and consolidates above $0.1500, traders will likely press toward $0.1520–$0.1530. A clean push through that supply pocket opens room toward higher resistance bands.
- **Bear case**: If DOGE slips back below $0.1463, it signals the breakout is losing sponsorship, with the prior range around $0.1432 becoming the next level to watch.
- **Context**: The meme complex can stay bid even when bitcoin is range-bound, but positioning can unwind quickly if liquidity thins or broader markets wobble, making support retests as important as the initial rally.

In short, the volume backdrop is constructive, but DOGE must prove it can convert $0.1463 into a durable floor before traders treat $0.1520–$0.1530 as a level to build above rather than sell into.

Technical indicators suggest Dogecoin's rally is supported by strong volume, but it must maintain key support levels to continue upward momentum.

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