PIVX

Dogecoin

Giant

Rise

Coin

<p>The original meme cryptocurrency Dogecoin has shown signs of life recently after a prolonged period of lackluster price action. According to analysts, a combination of positive technical and on-chain factors have ignited bullish momentum for DOGE.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="563" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-1024x563.png" alt="" class="wp-image-378961" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-1024x563.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-300x165.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-767x422.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-1536x845.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-2048x1126.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-273x150.png 273w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-636x350.png 636w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426-788x433.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-426.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><strong>Breaking Out of Long Consolidation</strong></p>
<p>As noted by @Cryptoinsightuk, <a href="https://twitter.com/Cryptoinsightuk/status/1725414175927648697?t=2ONPjAYJLG1euz8BeFhdyg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">from a technical perspective</a>, Dogecoin has broken out of a massive 2.5 year consolidation pattern. The breakout came with strong bullish volume showing conviction behind the move. @Cryptoinsightuk points to the formation of higher lows and higher highs in DOGE, signaling a potential new uptrend.</p>
<p><strong>Surging On-Chain Volume</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="606" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-1024x606.png" alt="" class="wp-image-378952" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-1024x606.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-300x178.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-767x454.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-1536x910.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-2048x1213.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-540x320.png 540w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-253x150.png 253w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-100x59.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-591x350.png 591w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425-788x466.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-425.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>On the fundamental side, <a href="https://twitter.com/santimentfeed/status/1725280772880564304?t=uCSB-9GTi8q3Ku2rBf2nsw&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">@santimentfeed highlights</a> a recent surge of on-chain transaction volume for Dogecoin. Volume spiked to $665 million, the highest amount seen in three months. Rising on-chain activity indicates growing usage and interest in the sleeping giant DOGE.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/why-qubics-10000-explosion-outperformed-even-solanas-meteoric-rise/" target="_blank" rel="noopener noreferrer nofollow">Why QUBIC’s 10,000% Explosion Outperformed Even Solana’s Meteoric Rise</a></li>
 <li><a href="https://captainaltcoin.com/why-is-pivx-coin-pumping-here-are-reasons-behind-the-160-pump/" target="_blank" rel="noopener noreferrer nofollow">Why is PIVX Coin Pumping? Here Are Reasons Behind the 160% Pump</a></li>
 <li><a href="https://captainaltcoin.com/can-the-cronos-rollercoaster-soar-to-1-00-after-raising-1-5m-is-this-the-next-top-100-crypto/" target="_blank" rel="noopener noreferrer nofollow">Can the Cronos Rollercoaster Soar to $1.00? After Raising $1.5M, Is This the Next Top 100 Crypto?</a></li>
</ul>
<p><strong>Traders Jump on Board</strong></p>
<p>With both technical and on-chain factors turning favorable, traders have jumped on the Dogecoin bandwagon, betting on further upside. @santimentfeed notes a significant amount of long positions being opened for DOGE as confidence builds in the resurgence of the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coin king. After months of rangebound action, the DOGE appears to finally be stirring awake once more.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>74% of retail CFD accounts lose money.</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/dogecoin-doge-wakes-up-heres-what-tagged-the-sleeping-giant-and-meme-coin-king/" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Wakes Up, Here’s What Tagged The Sleeping Giant and Meme Coin King</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Dogecoin (DOGE) Wakes Up, Here’s What Tagged The Sleeping Giant and Meme Coin King

Table of Contents

CaptainAltcoin

Other articles published on Nov 17, 2023

Rollbit ($RLB) Drops 25% and Drops Out Of Price Channel, But This Alternative Continues to Rise A...

Bitcoin Price Prediction: Will Bitcoin Price Skyrocket to $500K In The Next Bull Market?

The Rise of Revenue-Sharing Gaming Platforms: Scorpion Casino Leading the Way

Membrane Announces First Derivatives Trade Settled on Network

Will Bitcoin Reach the $40,000 Price Target? Current On-Chain Data!

Whale Attack on Arbitrum Causes Concern in the Crypto Market

Join our free newsletter for daily crypto updates!