Shiba

Bitcoin

Dogecoin

Propel

Shiba Inu

<ul>
 <li>Dogecoin surged 150% over the past week, reaching its November 2021 high of $0.20.</li>
 <li>Dogecoin’s price boosted its market cap to $425.8B, with a historic $1.5B in open interest.</li>
</ul>
In a rollercoaster of <a href="https://thenewscrypto.com/dogecoin-doge-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">bullish activity</a>, Dogecoin (DOGE), the leading memecoin in terms of market cap, has surged 150% over the past week and reached its November 2021 high. The rapid rise has propelled Dogecoin futures to reach a historic $1.5 billion in open interest.
In December 2023, Dogecoin (DOGE) broke free from a multi-month declining trend line, but its parabolic rally commenced at the end of February 2024. Over the last eight days, DOGE has surged by 148%, propelling its price from $0.0835 to $0.2071.
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="342" src="https://thenewscrypto.com/wp-content/uploads/2024/03/image-13-1024x342.png" alt="" class="wp-image-92991" srcset="https://thenewscrypto.com/wp-content/uploads/2024/03/image-13-1024x342.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-13-300x100.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-13-768x256.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/03/image-13.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">Dogecoin (DOGE) Price Chart (Source: <a href="https://in.tradingview.com/symbols/DOGEUSDT/?exchange=BINANCE" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
Currently, the price of Dogecoin is $0.1863, and its market cap is $425.8 billion. In the last 24 hours, the value of DOGE has soared 12%, and over the past month, it has seen a significant surge of 132%. Additionally, DOGE’s daily trading volume has risen by 65% in the previous 24 hours, reaching $8.02 billion.
Meanwhile, Shiba Inu (SHIB), the so-called “DOGE Killer,” has displayed a solid trading volume, soaring by 235% to $13.3 billion over the past 24 hours, surpassing Dogecoin’s volume in the same period. Despite Shiba Inu’s remarkable performance of $0.00003939, Dogecoin has stolen the spotlight.
<h3 class="wp-block-heading" id="h-will-doge-bulls-propel-it-to-0-25">Will DOGE Bulls Propel it to $0.25?</h3>
The global cryptocurrency market is being treated to <a href="https://thenewscrypto.com/dogecoin-doge-poised-for-30-breakout-rally-to-10-cents-heres-why/" target="_blank" rel="noopener noreferrer nofollow">bullish sentiment</a> as Bitcoin (BTC) soared above $68,785. Further, analysts and investors are speculating about Dogecoin’s recent rally without billionaire mogul Elon Musk’s influence and are hoping it will reach $1.
On the upside, Dogecoin’s price faces immediate resistance near the $0.2151 level, with the next crucial resistance at $0.2735. A breakthrough above $0.27 could propel the price toward $0.3, followed by major resistance near $0.3143 and $0.3274.
Conversely, if DOGE fails to sustain momentum above the $0.20 mark, it might initiate a downside correction. Initial support lies near $0.1674, followed by a major support level at $0.1404. A breach below $0.14 could lead to further declines, possibly targeting the $0.1336 level.

Dogecoin Heads to This Target After a 150% Pump!

Table of Contents

TheNewsCrypto

Other articles published on Mar 5, 2024

Bitcoin Price Approaches ATH Level: How Far Will the Rally Continue?

$550 Million Evaporated While Bitcoin Tested Its ATH!

Binance Withdraws from Nigeria, Grayscale Shrinks Bitcoin Portfolio, and MicroStrategy Stock Climbs

17,087 ETH Worth $62M Was Just Burned

Bitcoin Slumps After Breaching its $69k ATH Milestone

Tether: Ten years, 100,000,000,000 USDT, and still no audit

Join our free newsletter for daily crypto updates!