Dogecoin Zooms 11% as Buying Volumes Quadruples

Dogecoin surged 11% within 24 hours, fueled by substantial institutional inflows and a significant increase in trading volume. The cryptocurrency jumped from $0.19 to $0.21, peaking at $0.22 as traders observed activity in the broader meme-coin space. The recent surge was characterized by trading volumes that were four times the daily average, suggesting robust professional interest in the asset. Key price levels are being monitored, with the $0.22 threshold acting as a potential resistance point. A close above this level may indicate further upward momentum towards $0.24 or $0.25. The rally coincided with a recovery in the overall market for meme-coins, and analysts noted patterns and technical indicators, such as MACD and RSI, remain bullish. DOGE's price action showed strong support at $0.19, setting the stage for possible future gains if upward trends continue, following a pronounced rise in institutional activity and trading volumes.

Source 🔗