đ„đ„đ„ #DogecoinâŹâ© Surges 6%: Is $0.14 Within Reach by the Weekend?
Dogecoin ($DOGE ) surged over 6% in 24 hours, reaching $0.1243âits highest since late September. This marks a 38.88% recovery from its September low of $0.0890. Trading volumes also spiked, with $2.29 billion traded on October 17, boosting DOGEâs market cap above $18 billion.
DOGE's rally is driven by its strong correlation with Bitcoin, which surged past $68,000. Analysts are eyeing the $0.14 resistance level, as DOGE recently broke above a 180-day descending trendline, signaling further gains. Key support levels at $0.1073 and $0.1102 have been flipped, with a potential target of $0.2290.
Open interest in DOGE also jumped 32.95% to $784.22 million, and rising perpetual futures funding rates indicate growing demand for long positions, supporting the bullish outlook.
