Dogecoin Core Upgrade Boosts DOGE Price Trends, Surges 4%+
Release: 2024/08/09 21:20 Reading: 412
Dogecoin Shows Bullish Momentum Despite Cautious Sentiment
Following Bitcoin's surge above $60,000, Dogecoin (DOGE) has experienced a significant price rise over the last 24 hours. This surge has injected renewed optimism into the market, despite the cautious sentiment indicated by the Bitcoin Fear and Greed Index.
At press time, DOGE is valued at $0.1048, representing a 4.89% daily increase. Notably, Dogecoin's market capitalization has climbed to $15.25 billion, securing its 9th position by market capitalization.
However, trading volume has witnessed a 16.58% decrease, with 24-hour volume reaching $791.29 million. This drop suggests a possible pause in market participation or waning interest.
Key Support and Resistance Levels
Support and resistance levels influence DOGE's price behavior. The psychological support level at $0.10 continues to hold strong, attracting buyers and marking potential market entry points. A second support level at $0.0974 acted as a buffer, indicating that a breach could invite further declines.
On the upside, immediate resistance is encountered at $0.1080. Breaking through this level could lead to further gains, with the $0.11 resistance possibly becoming a target.
For more information and updates on Dogecoin, visit reputable sources such as:
- Website
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