The price of Dogecoin (DOGE) has surged by 10.04% in the past 24 hours, reaching $0.4835. This rally has increased its market cap by 6.07% to $68.66 billion, and trading volume has skyrocketed by 69.04% to $10.36 billion. With a circulating supply of 147.11 billion DOGE, the market cap ratio stands at 15.34%, indicating high activity. The global crypto market cap has also increased by 0.40% to $3.68 trillion, with Bitcoin reclaiming the $100,000 mark, contributing to bullish sentiment. DOGE's upward momentum is supported by key indicators on the daily chart, such as the Moving Average (MA) crossover and the Relative Strength Index (RSI). However, DOGE might face potential price resistance and support levels at $0.48434 and $0.44943 respectively. The sustained price above moving averages confirms bullish control, and DOGE's trajectory remains tied to the broader market movements, particularly the rise of Bitcoin.
- Content Editor ( thenewscrypto.com )
- 2024-12-08
Dogecoin (DOGE) Price Rally Strengthens with 10% Surge