The post Can Dogecoin Price Continue to Increase After Rising Over 7%? appeared on BitcoinEthereumNews.com.

As of March 24, 2025, Dogecoin is trading at $0.1840, rising 7.11% in the last 24 hours at the time of press. This price movement increases its market capitalization to $27.33 billion, also rising 7.12%. Furthermore, the trading volume skyrockets by over 103.89% to over $1.08 billion, in total, indicating many traders are joining in on the action here. Source: coinmarketcap In a recent tweet on X, Ali highlights a breakout from a triangle pattern, suggesting a potential 16% price increase. The current price is 0.18305 USD, up 4.48%, with a target near 0.19500 USD. Are Technical Indicators Indicating a Bull Run? The TradingView chart offers further context for Dogecoin’s momentum. The Relative Strength Index (RSI) is currently at 47.60, so it is still close to neutral territory. However, prices are on the rise, indicating buying momentum picks up without an overbought signal appearing. On the other hand, the Moving Average Convergence Divergence (MACD) has a bullish crossover, with the MACD reading at 0.00413 and the signal line reading at -0.01316. With a separate positive histogram, this crossover also points to bullish sentiment. Therefore, these indicators indicate the upward trajectory continuing if buying pressure remains consistent.   Source:tradingview What is the Impact of Liquidation Levels on Dogecoin? The TradingView chart also shows key liquidation levels traders should look out for. Short liquidation is at the $0.18433 level, while long liquidation comes at the $0.17069 level. Currently, at the price of Dogecoin of $0.1840, we see the price is right below the short liquidation level. If the price breaks the level of $0.18433, it could push a short liquidation driven momentum where the traders betting against Dogecoin would have to buy the asset back. This could ultimately compound the momentum to push the price higher. On the other hand, if the…

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Filed under: News - @ March 24, 2025 8:25 pm