Dogecoin Price Rises Another 3% – Will Doge Hit $1 This February?
The post Dogecoin Price Rises Another 3% – Will Doge Hit $1 This February? appeared on BitcoinEthereumNews.com.
Press Releases are sponsored content and not a part of Finbold’s editorial content. For a full disclaimer, please . If you encounter any issues, kindly report them to [email protected]. Crypto assets/products can be highly risky. Never invest unless you’re prepared to lose all the money you invest. Despite a relatively flat year, Dogecoin has started to gather steam, outperforming the market as it pumps 3.51% in the last day. Consequently, bullish sentiment is circulating the Dogecoin community; could this indicate a historic move toward $1 is on the horizon? Dogecoin Shows Strength as Price Nears $0.1 Dogecoin has displayed impressive price action over the past 24 hours, faring the second-best performing top 10 crypto behind Ethereum. It climbed 3.51% from $0.083 yesterday to $0.086 today. Meanwhile, it has also seen an impressive 8% uptick this week, forging an important advancement on its price chart. The chart below shows that its recent uptick has broken out from a descending triangle on the daily time frame. The move occurred amid a broader trading range between $0.057 and $0.11. This indicates a potential increase toward the top of the descending triangle (at $0.1) before a likely upward continuation toward its $0.11 range high. Dogecoin holds a $12.27 billion market cap and a $391 million 24-hour trading volume, up 29% today. The recent spike follows an announcement that luxury car maker Ferrari is now accepting Dogecoin payments for its vehicles. Plans initially made the news in October, excitedly reaching high-profile outlets like Reuters. DOGE experienced a tremendous run in the aftermath, pumping from $0.058 to $0.1. With that in mind, the initiative’s recent launch could enable a similar bullish trajectory in the coming weeks. Prominent community member David_dogecoin is significantly bullish on what this could mean for the crypto. According to David, the next…
Filed under: News - @ February 19, 2024 8:18 pm