Dogecoin’s trading activity surged significantly, witnessing a 10% uptick in volume, totaling a whopping $1.38 billion, despite a dip in its price. As the 8th largest cryptocurrency by market capitalization, Dogecoin now boasts a market value of around $21.53 billion.
Over the previous week, Dogecoin value displayed considerable volatility, fluctuating between $0.14 and $0.16, ultimately resulting in a nearly 2% increase.
If Dogecoin’s value remains above $0.14, there’s growing anticipation that this could fuel further gains. This steadiness might pave the way for an upward move toward the $0.8 mark, which could open the door to the $1.00 level in the foreseeable future.
On the other hand, increasing bearish trends could push Dogecoin back to its support level of $0.14. Continued downward trends could further depress its value, reaching a low of $0.11 in the ensuing weeks.
