The post Dogecoin Surpasses a Three-Year High of $0.28 As Solana Joins the 100B Club by Market Capitalization appeared on BitcoinEthereumNews.com.

With Dogecoin and Solana’s impressive price performance, Lunex Network aims to mirror this performance with higher gains expected in the coming days. Dogecoin (DOGE) is eying an imminent breakout as it tests critical resistance areas. After posting a significant gain of over 80% in the past week, crypto experts are projecting another 50% surge that might see the DOGE token hit the $0.34 mark. This impressive Dogecoin price performance has been highly attributed to Bitcoin surpassing the $81K mark—a move that has seen whales accumulate DOGE tokens. On the other hand, Solana has joined the $100B club by market cap, having hit the over $212 price mark for the first time since the 2021 crypto bull market peak. The Solana price has also gained by over 30% in just a week as it continues to aim for its ATH of $260. Dogecoin Price Eyes $0.5 Target Dogecoin has continued to extend its gains, trading around the $0.29 mark. Its open interest hit a new ATH of over $2.26B, signaling a surge in new capital, as the trading volume surged to over $18.9B. The Dogecoin weekly chart has also broken and closed above the ascending trendline, which had acted as a resistance zone. If Dogecoin’s ascending trendline holds as support, it might extend its rally by another 21% to retest its October 2021 high of $0.34. The RSI on the weekly chart is currently at 87, above the overbought threshold of 70, signaling caution of a likely pullback in the price of DOGE. However, Dogecoin’s on-chain data supports further bullish momentum, with an increasing open interest for the token. An increase in OI usually represents new buying, which suggests a bullish outlook. The Dogecoin price could continue a bullish momentum, eyeing the $0.5 mark provided it remains above its resistance level…

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Filed under: News - @ November 13, 2024 8:21 am