Dogecoin

Elon Musk

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Dogecoin (DOGE) is currently in the spotlight amid its ongoing rebound on the market.<a href="https://coinmarketcap.com/currencies/dogecoin/" rel="noopener noreferrer nofollow">Per</a> data from CoinMarketCap, Dogecoin has jumped by more than 5% in the past 24 hours, and its price is now pegged at $0.1442. One thing that makes this growth unique is the mild deviation from the overall price trend of Bitcoin (BTC).</p>
<h2 id="dogecoin-volume-and-triggers-to-watch">Dogecoin volume and triggers to watch</h2>
<p dir="ltr"><a href="https://u.today/dogecoin-doge-decentralization-project-to-welcome-major-update-details" rel="noopener noreferrer nofollow">Dogecoin</a> is one of the most delicate digital currencies in the crypto ecosystem. After weeks of flat trading, it is finally in breakout mode. Rebounding from its weekly low of $0.128 on Oct. 26, this new uptick might be the start of something epic for DOGE.</p> <img src="https://u.today/sites/default/files/inline-images/DOGE_1D_graph_coinmarketcap%20%2814%29.jpeg" data-entity-uuid="73f82ac0-20ce-4811-a0b3-f2b14f1a606f" data-entity-type="file" data-caption="Dogecoin 1D Chart. Source: <a href=&quot;https://coinmarketcap.com/currencies/dogecoin/&quot;>CoinMarketCap</a>">
<p dir="ltr">One major performance metric worth watching is the DOGE trading volume. As of writing, this metric has increased by 97.59% in 24 hours to $1.6 billion. This proves how hyped the Dogecoin ecosystem is at the moment despite trimmed-down expectations.</p>
<p dir="ltr">Dogecoin’s resurgence stems from an<a href="https://u.today/elon-musks-doge-tweet-excites-crypto-community-details" rel="noopener noreferrer nofollow">earlier post</a> from Tesla CEO Elon Musk on X. The breakout of DOGE is often closely tied to Elon Musk, and though it has been a while since he nudged a massive price rally for the coin, this recent X post came at a pivotal time.</p>
<h2 id="is-doge-ready-for-0-20">Is DOGE ready for $0.20?</h2>
<p dir="ltr">Dogecoin has high volatility strength. With the price now up 5% today, it has effectively pared off its seven-day losses, down 0.3%. Overall, members of the DOGE army are now expecting a massive breakout marked by a retest of the $0.20 price level.</p>
<p dir="ltr">While Elon Musk’s post of a Dogecoin muscled mascot is a major trigger, sustaining this growth trend will take much more. Based on precedent,<a href="https://u.today/dogecoin-whales-buy-899-more-doge-amid-meme-coin-price-increase" rel="noopener noreferrer nofollow">DOGE whales</a> might swoop in now to help fuel more rallies based on a boost in scarcity.</p>
<p dir="ltr">Ultimately, if the broader market continues its bullish pathway, it can be a major sentiment booster for DOGE to retest the $0.20 level.</p> <a href="https://u.today/dogecoin-doge-eyes-multi-week-breakout-as-volume-jumps-95" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Dogecoin (DOGE) Eyes Multi-Week Breakout as Volume Jumps 95%

Table of Contents

U_Today

Other articles published on Oct 28, 2024

CryptoQuant Analyst Says “I Expect a Bull Rally in Bitcoin”, Explains Why

Bitcoin Drives $901 Million Crypto Inflows, October Sees Strong Growth

This Crypto Guru, Famous for Calling the Dogecoin Boom, Forecasts a 5,000% Surge for This Emergin...

Emory University holds $15M in Bitcoin ETFs: Filing

Loser Biden (LOSBIDEN) Solana Memecoin to Explode 15,000% Before Exchange Listings, As Shiba Inu ...

2024’s Cryptocurrency Trends That Could Reshape the Entire Market—How to Position Yourself for Ex...

Join our free newsletter for daily crypto updates!