The post Will Dogecoin Price Soar To $1.8 After Clearing A 3-Year Resistance? appeared on BitcoinEthereumNews.com.

Dogecoin price recorded 43.4% extended gains over the last 24 hours and is now trading at $0.4050. This increase follows Bitcoin’s aggressive surge to a new all-time high of $89,561. Moreover, the price rise has resulted in a breakout of a 3-year resistance level, which could catapult DOGE’s price back to its previous all-time high and higher, potentially to $1.8. Dogecoin Price Soars Amid Bitcoin Price Explosion Following BTC’s price surge, Dogecoin now sits at a $53 billion market cap, just below BNB (BNB). This is the highest DOGE price in the last 3 years and is just about 2X away from reaching its previous all-time high. The next leg up from here could see the dog-themed meme coin displace BNB and Solana (SOL) and be the fourth-largest crypto asset by market cap. DOGE is the best performer among the top 10 crypto assets (excluding stablecoins). It has gained 252% in the last 30 days, followed by Cardano (ADA) at 66%. XRP (XRP) was the worst-performing asset in the top 10 in the last month, gaining only 12%. Dogecoin Eyes Additional Gains Back To ATH After breaching the $0.35 resistance, Dogecoin’s price has little obstacle ahead. The path to the previous all-time high is clear, and on-chain metrics support an extended move higher. Coinglass data shows over $320 million worth of Longs compared to only $20 million Shorts across Binance, OKX, and Bybit. This imbalance suggests bullish sentiment dominates the market, and Dogecoin may surge higher. IntoTheBlock data indicates that 95.25% of Dogecoin investors are in profit, with only 0.02% in loss and 4.73% at the money. This figure could quickly change as the Dogecoin 24-hour trading volume has increased by 26% per Coingecko data, suggesting that investors are still buying into the project. Dogecoin Eyes New All-Time High At…

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Filed under: News - @ November 12, 2024 12:21 pm