Amid the ongoing crypto bull run, apart from Bitcoin’s massive surge on Wednesday, December 6, 2023, meme tokens showed a significant increase. According to recent data from CoinMarketCap, popular meme crypto tokens, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), individually surged over 15%.
Dogecoin’s massive price surge on its 10th anniversaryNotably, Dogecoin’s 10th anniversary marked a significant milestone for the meme token, with its community experiencing a surge of over 16% in the last 24 hours. It may be attributed to the current bull run and the potential approval of a spot Bitcoin ETF. However, it has also been observed that to celebrate this 10th anniversary, the community has organized a party in a virtual space.
Impact on other meme tokens: PEPE and SHIBAdditionally, Dogecoin’s 10th-anniversary support also influenced PEPE and SHIB, leading to significant price surges. As of the current writing, the
top meme token DOGE is trading near $0.1026, with an impressive over 16% upside movement in the last 24 hours. Similarly, SHIBA is trading near $0.000009933, showing an impressive over 10% upside movement, and PEPE is currently trading near $0.000001577, with a massive over 15% upside movement in the last 24 hours.Also Read: Burger King’s interest in Dogecoin sparks excitement among Crypto enthusiasts
Will Dogecoin break the $0.105 level, expert’s viewLooking at Dogecoin over a longer period, according to CoinMarketCap, in the last 28 days, DOGE has demonstrated an impressive 44% upside price movement. On its 10th anniversary on December 6, 2023, at the time of writing, it experienced over 16% upside price movement.
According to expert technical analysis, the current DOGE token price is encountering strong resistance near $0.1052. Earlier in March 2023, Dogecoin reversed from this resistance level. Since May 2022, the DOGE token price has consolidated in a range of $0.055 and $0.105.
If this upside movement receives support for one more day and breaches $0.1052, DOGE token holders may experience a staggering surge, possibly touching the $0.15 level. At present, DOGE is observed to be moving above its 200 Exponential Moving Average (EMA), indicating strong bullishness.
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