Dogecoin (DOGE) Strengthens Ground Amid a 9% Price Jump

Dogecoin (DOGE) Surges 9.10%

DOGE is trading at $0.1334, representing a 9.10% increase over the past 24 hours. The meme coin has seen $5.45 million in liquidations within the same period.

Technical Indicators Signal Bullish Momentum

Recent technical indicators suggest a growing positive trend for DOGE. The coin recently breached a resistance level, potentially preventing further decline.

Price Action

DOGE has climbed over 9.10% in the last 24 hours, reaching a high of $0.1359 and a low of $0.1208. Daily trading volume has decreased by 14% to $1.95 billion.

Market Overview

At press time, DOGE holds a market capitalization of $19.54 billion, according to CoinMarketCap data. An analyst predicts a potential rise to $0.13 while most are inactive.

Bullish Outlook

DOGE has recorded a 24% increase over the past seven days. If it surpasses the $0.1370 level, it may test the $0.1415 resistance. Bearish pressure below $0.1268 could lead to a test of the $0.1220 support zone.

MACD and RSI Indicators

The MACD and RSI indicators hint at a bullish sentiment that could influence DOGE's price movement. The daily RSI is currently at 70.60, indicating an overbought zone.

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Tags

• Cryptocurrency
• DOGE
• Dogecoin