Dogecoin (DOGE) rises 7% against the trend, $3 billion trading volume ignites market enthusiasm!

Dogecoin has been booming recently, with a 24-hour price surge of 7%, market capitalization nearing $50 billion, and trading volume rising to $3 billion.

Technical indicators are impressive, with the Ichimoku cloud chart showing bullish patterns, and the blue conversion line and green lagging span indicating a strong short-term upward trend.

In the DMI indicator, ADX has significantly increased, highlighting a bullish trend with changes in buying and selling pressure, and the EMA line is expected to form a golden cross.

It is expected to challenge the resistance at $0.36, and if broken, it may soar to higher points with a potential increase of up to 22.7%.

If the upward momentum weakens or the market reverses, it may test the support at $0.30. If that fails to hold, it could rely on strong support at $0.26. A golden cross and buyer support are needed to break through resistance for Dogecoin to continue its upward trajectory.

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