Dogecoin (DOGE) Price Trend Brief: Dogecoin has risen 1.35% in the past 24 hours, with trading volume surging 38% to $1.74 billion. The technical indicator RSI remains above 50, indicating potential upward momentum.
The current price is stabilizing at the support level of $0.23-$0.232, with resistance at $0.24. If it breaks through $0.24, it may further rise towards $0.25-$0.26.
Market Background
Global economic uncertainty is intensifying, and trade policies along with geopolitical tensions are prompting investors to seek alternative assets. Institutional investors are increasing their positions in cryptocurrencies like Dogecoin, with recent whales accumulating over 1 billion Dogecoins (approximately $200 million), reflecting the demand for hedging and diversified investments. Will Dogecoin break through the $0.24 resistance and confirm an upward trend?
Dogecoin Technical Highlights
Support level ($0.23-$0.232) is strengthened by increased buying, while resistance level ($0.24) pressure is weakened by high trading volume. Hourly trading volume is 829 million, 148% above average, with a higher low pattern supporting a bullish trend.
