The recent 5.05% rise in Dogecoin has attracted attention due to the re-emergence of institutional investments in the cryptocurrency market. Increased trading volumes coincided with a surge in activity from large players.
Return of Institutional Investors
Dogecoin surged from $0.200 to $0.210 thanks to a noticeable spike in trading volume, which reached 615.53 million. This rise occurred between 06:00 July 13 and 05:00 July 14, with volumes exceeding 580 million during crucial trading hours.
Technical Analysis and Market Structure
Analysis showed that DOGE maintains solid support at $0.200, while resistance sits in the $0.208-$0.210 range. Sustained demand from buyers indicates a significant shift in market dynamics from retail to institutional trading.
Market Outlook and Trading Implications
Institutional investments confirmed by high trading volumes create conditions for further DOGE growth. Current resistances are at $0.213, potentially targeting traders in the coming days.
Dogecoin's 5.05% rally emphasizes growing participation from institutional investors in the cryptocurrency market. The breakout above $0.200 resistance, confirmed by record trading volume, establishes a new technical foundation for further growth.
