Dogecoin 250% Volume Spike Excites DOGE Bulls, Levels to Watch

Dogecoin 250% Volume Spike Excites DOGE Bulls, Levels to Watch

The dog-themed cryptocurrency Dogecoin (DOGE) has seen a notable increase in trading volume over the past 24 hours as the price experienced a breakout and rose to a four-week high. The altcoin is currently the ninth-largest cryptocurrency by market cap, with a valuation of over $12.33 billion.

The dog-themed cryptocurrency Dogecoin (DOGE) has seen a notable increase in trading volume over the past 24 hours as the price experienced a breakout and rose to a four-week high. The altcoin is currently the ninth-largest cryptocurrency by market cap, with a valuation of over $12.33 billion.

Advertisement

According to data from CoinMarketCap, DOGE’s 24-hour trading volume increased by almost 250%, reaching $1.18 billion at the time of publication. The increase in volume indicates strong interest and activity in the DOGE market, as buyers and sellers exchanged massive amounts of cryptocurrencies.

The increase in volume also coincided with a significant price increase, with Dogecoin reaching highs not seen since December 21.

Dogecoin jumped to highs of $0.097 from $0.078 on January 20, and the gains continued as of press time, with DOGE price rising 10% in the last 24 hours to $0.0856.

Cryptocurrency enthusiasts are speculating about the possibility of cryptocurrency payments on X following the launch of a dedicated account for its upcoming payments feature later in 2024.

Related
Dogecoin (DOGE) shines as Elon Musk’s X prepares to launch P2P payments

As reported, Elon Musk’s social media platform X, formerly known as Twitter, is expected to launch peer-to-peer payments this year.

However, it is unclear whether the feature will support payments in currencies other than traditional ones.

DOGE price: what to watch

Dogecoin price surpassed the daily MA 50 barrier at $0.089 for the first time since January 2024. Dogecoin price reached a high of $0.097, but the bulls’ efforts failed to reach $0.10, preventing them from remove an extra zero from the price.

DOGE price then retreated, falling below the MA 50 barrier to $0.089. On the upside, Dogecoin must surpass the high of $0.097 before buyers attempt to push Dogecoin to the upper resistance zone between $0.10 and $0.11.

Related
Dogecoin (DOGE) Whale transfers 332.9 million DOGE to Binance: Details

On the other hand, if Dogecoin price reverses, the bears may try to push it down to a retest of the $0.074 level.

According to crypto analyst Ali, as long as the $0.074 support group continues to hold, DOGE has a great chance of recovering to $0.100 or higher.

Leave a Reply

Your email address will not be published. Required fields are marked *

Best Exchanges
Buy, trade, and hold 600+ cryptocurrencies on Binance
Buy, trade, and hold 450+ cryptocurrencies on ByBit
Buy, trade, and hold 150+ cryptocurrencies on Kucoin
Buy, trade, and hold 100+ cryptocurrencies on BitFinex 
Buy, trade, and hold 150+ cryptocurrencies on CoinBase

Guru Investing is an independent source of information about investing , not controlled by any broker. All our reviews and guides are created honestly, according to the best knowledge and judgement of the members of our independent expert team; however, they are intended for informative purposes only and should not be construed as, nor relied upon as, legal advice. You should always make sure that you meet all regulatory requirements before making any financial operations . Copyright ©2024 Email for contact [email protected]
follow telegram
pornhd.com hindisexyporn.com kashmiri girls sex jayasex indaporn.info desi bhabi xxx xlnindia sexo-vids.com 1st time sex video たかはししょうこ動画 javfuck.mobi 真正中出し3本番 彩乃なな sex film sexy film xxxhindividoes.com xnxx indian teens
ano nga ba ang pangarap iwantmoreteleserye.com hello heart episode 3 reshma hot saree images nuporn.mobi xvidies com bihar chudai tubezaur.mobi heroine photo hot dasixx hardcoreporntrends.com ileana d'cruz hot photoshoot www.xxxsexvideo.com xbeegtube.mobi hindi movi
www sxe vidoes erohardcore.info boops sucking dehati fuck kitporn.info chuk chuk rail fuckcomix.com mojoporntube.net gujaratisexvidio probinsyano october 18 2021 full episode freeteleseryetv.net ang probinsyano july 14 2022 قصص سكس كرتون cmsextra.net سكس بنات تخينة