$DOGE is on the rise
Elon Musk's latest 'Dogefather' post has ignited a surge of optimism in the Dogecoin community, pushing the price past the crucial resistance level of $0.111
Recent on-chain data reveals a significant increase in whale accumulations, with over 1.40 billion DOGE acquired in just 48 hoursâworth around $140 million
This bullish sentiment is echoed by market analyst Ali Martinez, who noted that nearly 62,000 addresses hold over 36 billion DOGE at this resistance level.
Currently, Dogecoin is trading at $0.1147, marking a nearly 5% increase in the past 24 hours. The coin's daily trading range was between $0.1071 and $0.1146, aligning with broader gains seen in the meme coin sector, including SHIB and PEPE.
Additionally, thereâs been a 12% jump in Dogecoinâs futures open interest, reaching $600.32 million, with derivatives volume surging nearly 34% to $1.39 billion
Analysts are optimistic, suggesting that a bullish breakout may be on the horizon.
As Mikybull Crypto puts it, the 'final phase expansion' for DOGE may just be beginning! đ¶
Keep an eye on this one
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