According to CoinStats data, the recent market correction has not lasted long, and most cryptocurrencies have returned to an upward trend.
Today, the price of Dogecoin (DOGE) has risen significantly, with an increase of nearly 5%. The current market capitalization is $27.96 billion, and the 24-hour trading volume has surged to $922.18 million, an increase of 56.46% compared to the previous day. Dogecoin's fully diluted valuation (FDV) is consistent with its market capitalization, and the ratio of trading volume to market cap is approximately 3.33%. Its total supply remains stable at 149.58 billion coins.
Although Dogecoin performed strongly today, the hourly chart still shows clear bullish signals. If the daily chart can break through the resistance level and close, the upward momentum may continue, with target prices potentially reaching $0.19 or even higher.
If the market maintains its current state, a resistance level test may occur in the coming days. From a medium to long-term perspective, the weekly closing situation is worth paying attention to. If a long upper shadow appears, the bulls may take the advantage, pushing the price back up to the $0.20 mark.
As of the time of writing, Dogecoin's trading price is $0.1879.
