Dogecoin (DOGE) has experienced a significant increase in value, gaining 26% this week and reaching approximately $0.2025. The cryptocurrency's trading volume remains strong at $3.99 billion, and its market cap has grown to $29.71 billion. Traders are optimistic that DOGE could surpass its resistance level of $0.2290 and potentially reach the $0.27 barrier, last tested in 2021. Technical indicators, such as the Golden Cross and surpassing the 0.786 Fibonacci retracement level, suggest a bullish trend for DOGE. Additionally, the majority of DOGE addresses are currently "In the Money," indicating that holders are in profit and reducing the likelihood of immediate sell-offs. However, if DOGE fails to surpass the resistance level, support levels exist at $0.1832 and $0.1537.
- Content Editor ( cryptonewsz.com )
- 2024-11-09
DOGE Gains 26% This Week; Will it Revisit the $0.27 Barrier?