CandleFocus Dogecoin (DOGE) Skyrockets 11% in Hours: What's Driving Surge?
2024-10-18
Author: Content Editor
Dogecoin (DOGE) has experienced a price surge of over 11% in the last day, outperforming other major cryptocurrencies like Bitcoin and Ethereum. This surge is attributed to an increased focus on meme coins, with Dogecoin leading the way. On-chain analytics platform Santiment suggests that a shift in focus from major cryptocurrencies to more speculative assets is driving this surge, and market-wide dips are expected as a result. Dogecoin's recent rise has the potential to break through a key resistance level at $0.1294, indicating a new upswing with potential target prices of $0.14, $0.17, and $0.19.
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