Bitcoin

Dogecoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-price-surges-in-market-rebound/" data-wpel-link="internal">Dogecoin Price Surges in Market Rebound</a><br></p>
<p style="text-align: justify">Challenging the current cryptocurrency market correction, the price of <strong><a href="https://coin-turk.com/son-dakika-elon-muska-dogecoin-doge-sorusturmasi-mi-acildi" data-wpel-link="internal">Dogecoin</a> (<a href="https://coin-turk.com/elon-musk-etkisi-dogecoin-doge-icin-kanitlandi" data-wpel-link="internal">DOGE</a>)</strong> experienced a serious rise in the fourth week of March. Starting from the recent correction’s lowest level of $0.122, the cryptocurrency’s price showed a 78% increase, reaching the current trading price of $0.21.</p> 
<h2 id="volume-increase-in-doge">Volume Increase in DOGE</h2> 
<p style="text-align: justify">This rally recently broke through the highest resistance of the last swing at $0.2 and may signal a potential for further recovery. Amid the recovery of the leading cryptocurrency <a href="https://coin-turk.com/analistten-bitcoine-btc-carpici-yorum-beklenenin-tam-tersi-olabilir" data-wpel-link="internal">Bitcoin</a> from $60,000, <a href="https://en.coin-turk.com/doge-chart-analysis-noteworthy-formation-support-and-resistance-levels/" data-wpel-link="internal">Dogecoin</a> rebounded from the combined support of the 50-day EMA and the 61.8% Fibonacci retracement level. This V-shaped return, supported by a notable increase in volume, reflects high-momentum buying and the enthusiasm of meme token aficionados.</p> 
<p style="text-align: justify">Over the past two weeks, these whales have accumulated approximately 1.4 billion <a href="https://en.coin-turk.com/analyst-reveals-bull-calendar-for-btc-and-doge-heres-what-to-watch/" data-wpel-link="internal">DOGE</a>, equivalent to an astonishing investment of $280 million. This activity may indicate the strong confidence of high-net-worth individuals in Dogecoin’s future market performance. On March 28th, the <strong>DOGE</strong> price made a significant breakout from the $0.206 resistance, reaching the highest level in 28 months at $0.2288. However, with an intraday loss of 2.4%, it is possible that the cryptocurrency price may retest the broken resistance and potential support.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-335076 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-2.png" alt="" width="1946" height="937"></p> 
<h2 id="critical-formation-in-dogecoin">Critical Formation in Dogecoin</h2> 
<p style="text-align: justify">The uptrend in Dogecoin could encourage buyers to pursue potential targets of $0.27 and then $0.3. According to broader chart analyses, Dogecoin has formed a rounded bottom pattern, indicative of a gradual and steady transition from a downtrend to an uptrend, suggesting long-term sustainability of its price trajectory. Consequently, Dogecoin experienced a rally supported by <a href="https://en.coin-turk.com/clarifying-market-phases-in-bitcoin-and-cryptocurrency-investments/" data-wpel-link="internal">Bitcoin</a>‘s recovery and the accumulation of a large amount of <strong>DOGE</strong>, creating a U-shaped recovery pattern that exhibits a long-term upward trend.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/dogecoin-price-surges-in-market-rebound/" data-wpel-link="internal">Dogecoin Price Surges in Market Rebound</a></h5>

Dogecoin Price Surges in Market Rebound

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