Dogecoin Breaks Through Resistance Levels
According to on-chain data, Dogecoin has successfully cleared all major resistance levels. This is based on the density of investors who bought DOGE at certain price ranges. The $0.095 level has now become a strong support, with 63,280 addresses purchasing the cryptocurrency at this level.
Potential for Further Price Increase
Analyst Ali Martinez suggests that if the $0.095 support range remains strong, there is a possibility for DOGE to reach $0.14 in the near future. This represents a 35% increase from its current price.
Positive Performance and Growth
As of now, Dogecoin is valued at $0.103424, reflecting a 6.7% increase in the past 24 hours. Over the past week, the price has increased by over 22%, and in the last month, it has seen a massive gain of 35%. Dogecoin currently holds the tenth spot in terms of market cap with approximately $14.6 billion.
Hot Take: Dogecoin’s Bullish Run Continues
The recent surge in Dogecoin’s price indicates that the meme token is on a bullish run. With the successful clearance of major resistance levels and strong support at $0.095, there is potential for further growth towards $0.14. Investors should keep an eye on DOGE as it continues to outperform in the cryptocurrency market.
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