Dogecoin (DOGE) continues to gain momentum, showing a 9% rise and surpassing the $0.23 mark. Analysis of current trends indicates that the cryptocurrency market has returned to green.
Dogecoin (DOGE) Growth
Currently, Dogecoin (DOGE) is trading at $0.2382 with a market cap of $35.78 billion. The price surged by 9.59%, trading as high as $0.2417 after opening at $0.2088.
Trading Activity and Volumes
The trading volume of DOGE has significantly increased to $5.48 billion, a rise of 176% compared to previous figures. The market witnessed a liquidation of $19 million.
Technical Analysis and Forecasts
Technical analysis indicates that the MACD line has crossed above the signal line, suggesting potential upward price movements. The Relative Strength Index (RSI) stands at 62.84, indicating bullish momentum. If the upward trend continues, DOGE may reach nearby resistance at $0.2388.
With the current trends in the market, Dogecoin has the potential for further growth; however, caution is advised regarding possible corrections that could bring the price to lower levels.
