The post Dogecoin Price Prediction: DOGE Soars 7% to $0.08 as $2B Trading Volume Comes In appeared on BitcoinEthereumNews.com.

The Dogecoin price has increased by 7% over the last 24 hours to trade above $0.08 as of 4:00 a.m. EST. DOGE, which has increased 12% in one week and 39% over the last 30 days, currently has a market cap of $11.7 billion. This is accompanied by a 200% increase in trading volume over the last 24 hours which currently stands at $1.87 billion, according to data from CoinMarketCap. During the early Asian trading sessions, Dogecoin’s 24-hour trading volume spiked to $2 billion, indicating investor interest in the popular meme coin. Due to this, DOGE is the only crypto among the top 10 digital currencies by market capitalization flashing green as the rest turn down. Top Cryptos Nov Dogecoin’s increased trading activity has been attributed to increasing enthusiasm within the DOGE community surrounding Astrobotic’s upcoming launch of a physical Dogecoin token to the moon in December. This event has generated significant interest among cryptocurrency enthusiasts, playing a role in the increased movements of Dogecoin across various wallets and exchanges. How is this likely to impact Dogecoin’s price in the near term? Let’s find out. Can Dogecoin Price Scale to $0.1? DOGE embarked on an uptrend on Oct.13, rising more than 44% to the current level above $0.08. This rally saw Shiba Inu’s archrival flip key levels back to support including the 50-day, 100-day and 200-day Exponential Moving Averages (EMA) as well as the stubborn demand zone stretching from $0.0732 and $0.076. These buyer congestion zones offer areas of strong support on the downside and could provide the hindwings required to scale the dog-themed crypto higher. As such, the altcoin could climb from the current level first toward $0.085 and later to the $0.09 psychological level. Above that, the next logical move for the bulls would be a return to…

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Filed under: News - @ November 19, 2023 4:00 am