Dogecoin has been incredibly popular lately, and I've heard it might jump another 50% in the next few days!
Look, in the past 24 hours, those traders have been quite optimistic about Dogecoin, with open contracts increasing by 19%.
It seems everyone thinks Dogecoin can rise!
As the leading meme coin, Dogecoin's performance these days has been stunning, having increased by more than 45%, and it’s still gaining momentum; who knows, it might really rise another 50%.
Why is Dogecoin so hot right now? It's mainly because its price has been doing well lately, and traders and investors are keeping an eye on it; on-chain data also shows it has significant potential.
From a technical perspective, Dogecoin is currently stuck at a key price level, which is $0.223, a price it only reached back in March of this year. Given the current momentum, breaking through this price shouldn't be a big issue.
If Dogecoin really breaks through and closes above $0.226, then in the next few days it might just shoot up to $0.34, directly increasing by 50%!
Moreover, Dogecoin's current price is still above the 200-day moving average, indicating it's still on the upward trend.
So, we really need to keep an eye on this surge of Dogecoin!
