Dogecoin (DOGE) recently rose by 18% in just three days, outpacing the top 30 cryptocurrencies and sparking new interest among traders and analysts. The DogeOS team also raised $7 million for the development of applications based on Dogecoin.
Technical analysis – monitor support and resistance levels to find a good entry and exit point.
- News and events – Dogecoin often reacts to statements by Elon Musk and major announcements. Quick responses can help.
- Trading volume – high volume usually confirms the trend, while low volume may signal a potential reversal.
- Stop-loss – be sure to set a loss limit to minimize risks.