Dogecoin

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<p dir="ltr">The crypto market is recovering, with assets like Dogecoin (DOGE) bouncing back from multi-month lows. The Dogecoin price has<a href="https://coinmarketcap.com/currencies/dogecoin/">jumped</a> by 12.67% in 24 hours, pushing the meme coin to the $0.3379 price mark. With current on-chain data, there is more ahead for DOGE.</p>
<h2 id="dogecoin-signals-more-uptrend">Dogecoin signals more uptrend</h2>
<p dir="ltr">Beyond the 24-hour price gain, Dogecoin has recorded a 9.6% jump in trading volume, with more than $11.6 billion shuffled in one day. This massive volume proves there’s enough liquidity to power the meme coin’s trading volume, a unique boost for a price rally.</p>
<p dir="ltr">Over the past week, Dogecoin dropped from a high of $0.4109 to as low as $0.27. While Bitcoin’s correction was the only causative factor, DOGE joined the list of altcoins that<a href="https://u.today/dogecoin-doge-loses-40-from-top-whats-next">suffered the brunt</a>. With the market in recovery mode, the coin has yet to reach its weekly high, marking enough room for growth.</p>
<p dir="ltr">On-chain indicators also hint at intense activity within the DOGE ecosystem. Whale transactions, as seen on IntoTheBlock, show intense activities. This metric, accounting for Dogecoin transactions worth at least $100,000, skyrocketed by 41.12% to $23.35 billion.</p>
<p dir="ltr">With massive embrace from this class of investors, chances are the price will recover swiftly to cover the past week's losses.</p>
<h2 id="key-fundamentals-to-watch">Key fundamentals to watch</h2>
<p dir="ltr">To complement the growth in the price of Dogecoin, crucial fundamentals form a major backbone to watch. There are insinuations that a<a href="https://u.today/dogecoin-etf-heres-what-doge-creator-really-thinks">DOGE ETF</a> might become a reality amid the positive shift in the regulatory landscape in the U.S.</p>
<p dir="ltr">While no asset manager has made a push for this filing, many experts have weighed the possibility. In all, DOGE remains<a href="https://u.today/dogecoin-doge-extremely-oversold-right-now-bollinger-bands-signal">oversold</a> on different timescales, and related sentiments around BTC retesting its all-time high can drive positive momentum for the meme coin.</p>
<p dir="ltr">Dogecoin might reclaim the $0.4 price mark in the short term if it flips the $0.35 resistance as support.</p> <a href="https://u.today/dogecoin-doge-jumps-12-data-shows-more-rally-ahead">Read original article on U.Today</a>

Dogecoin (DOGE) Jumps 12%, Data Shows More Rally Ahead

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