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Bitcoin (BTC)

$66,582.00-4.35%

Bitcoin price

Ethereum (ETH)

$3,373.19-4.87%

Ethereum price

BNB (BNB)

$560.45-4.48%

BNB price

Solana (SOL)

$183.41-7.44%

Solana price

XRP (XRP)

$0.60-2.34%

XRP price

Shiba Inu (SHIB)

$0.0000270-7%

Shiba Inu price

Pepe (PEPE)

$0.0000073-11.79%

Pepe price

Bonk (BONK)

$0.0000238-9.8%

Bonk price

Dogecoin up by 20% this week ahead of ‘Doge Day’

By Ogwu Osaemezu Emmanuel

March 31, 2024 at 6:40 pm

Edited by Anthony Patrick

MARKETS

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Dogecoin (DOGE) has experienced a significant surge of 20% in value over the past week.

The surge in Dogecoin’s price, coupled with the anticipation of so-called Doge Day and the launch of Dogecoin futures products on Coinbase, suggests a bullish momentum for the cryptocurrency.

The coin, created by software engineers Billy Markus and Jackson Palmer, has enjoyed a resurgence that led to increased interest in other meme coins like Dogwifhat (WIF), Book of Meme (BOME), Pepe (PEPE), and Slerf (SLERF).

According to Tradingview, support levels for Dogecoin (DOGE) are seen at 0.081 cents and 0.094 cents, indicating key levels where buying interest may emerge to prevent further price declines. 

Moreover, a significant support level is observed around 0.10 points, with no immediate resistance apparent, implying a potential stabilizing factor for price fluctuations.

Following the breach of the $0.10 level, technical analysis highlights specific price thresholds serving as resistance, including the Price 1 Standard Deviation Resistance at 0.229990, 52-Week High at 0.228323, 13-Week High at 0.228323#Memecoins #BinanceLaunchpool #Write2Earrn