Dogecoin (DOGE) Soars 103%! About to Break $1?
Dogecoin (DOGE) shocked the cryptocurrency market last week with an impressive surge of no less than 103%. Initially just a joke, it has now attracted the attention of investors and analysts.
The price surge not only helped DOGE break through major resistance levels but also generated a significant trading volume globally.
The Rally is in Full Swing
The rise of DOGE began with the breakout of the resistance level at $0.320, after which the price continued to rise above $0.400. Before a slight correction, the price of Dogecoin reached a peak of $0.4342. Despite the drop in price, it remains above key support levels, and market analysts are optimistic about further upward potential.
According to recent market data, #doge⚡ is holding steady above the $0.3650 level and the 100-hour simple moving average. Key support is located around $0.3870, while new resistance is at $0.4150. Breaking through these levels could push Dogecoin further towards $0.4500, and possibly even $0.4650.
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