New Dogecoin (DOGE) Trading Pair Listed on Major US Crypto Exchange

Kraken Pro Lists New Dogecoin Trading Pair

Leading cryptocurrency trading platform, Kraken Pro, has expanded its offerings with the addition of a new Dogecoin (DOGE) trading pair against the Australian Dollar (AUD): DOGE/AUD.

This move demonstrates Kraken Pro's commitment to diversifying its services and providing users with greater flexibility in their trading endeavors.

Dogecoin, initially created as a joke, has emerged as a formidable contender in the cryptocurrency space, with a dedicated community and widespread recognition. The introduction of new trading pairs typically enhances market liquidity and offers traders more options.

The DOGE/AUD pair is expected to make the Dogecoin market more accessible, particularly for Australian traders. Pairing Dogecoin against the AUD simplifies the trading process for Australian users, fostering the expansion of Dogecoin's reach within the cryptocurrency ecosystem.

Dogecoin Price Action

At the time of writing, Dogecoin has gained 1.52% over the past 24 hours, trading at $0.162. This marks the third consecutive day of gains following a recovery from a low of $0.1542 on June 2.

If the uptrend continues, Dogecoin bulls may attempt to push the price towards the resistance level of $0.174. A break and close above this level could potentially lead to a rally towards $0.21.

Conversely, a decline from current levels may indicate resistance at these levels, potentially keeping Dogecoin within a range between $0.18 and the 50-day SMA. A break below the 50-day SMA would shift momentum to the bears, potentially driving Dogecoin towards $0.14.