Dogecoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/dogecoins-soaring-market-performance-defies-crypto-correction" rel="noopener noreferrer nofollow">Dogecoin’s Soaring Market Performance Defies Crypto Correction</a><br></p>
<p style="text-align: justify">Defying the larger trend of market correction within the cryptocurrency realm, <a href="https://en.bitcoinhaber.net/significant-movement-of-dogecoins-to-coinbase-raises-questions" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://en.bitcoinhaber.net/dogecoin-shows-promising-signs-of-growth-as-bitcoin-consolidates" rel="noopener noreferrer nofollow">DOGE</a>) has seen a significant uptick in its value during the latter part of March. From a low of $0.122, the meme-inspired token soared by 78%, reaching a value of $0.21. This surge indicates a robust response from investors and hints at a possible continuation of this upward trajectory.</p>
<h2 id="surge-in-trading-activity-boosts-doge">Surge in Trading Activity Boosts DOGE</h2>
<p style="text-align: justify">The recent rise in Dogecoin’s value broke past the upper resistance level of $0.2, suggesting the coin may be on track for further gains. The recovery parallels that of <a href="https://en.bitcoinhaber.net/bitcoins-bullish-horizon-a-glimpse-into-the-potential-2024-surge" rel="noopener noreferrer nofollow">Bitcoin</a>, which has begun climbing up from $60,000. Dogecoin’s sharp rebound from key technical support levels, coupled with a surge in trading volume, signifies strong buying momentum and investor interest in the token.</p>
<p style="text-align: justify">In a recent two-week period, large-scale investors, known as ‘whales’, have significantly increased their DOGE holdings, purchasing around 1.4 billion coins. This equates to an investment of $280 million, underlining their confidence in Dogecoin’s prospects. Despite a slight intraday loss of 2.4% after hitting a peak price of $0.2288, the highest in 28 months, the coin’s value is likely to test former resistance turned support levels.</p>
<h2 id="long-term-outlook-shows-bullish-pattern">Long-Term Outlook Shows Bullish Pattern</h2>
<p style="text-align: justify">Analysts have observed a rounded bottom pattern in Dogecoin’s chart, which suggests a slow but steady shift from bearish to bullish momentum. This pattern, alongside the recent price rally, could motivate investors to target higher price points of $0.27 and subsequently $0.3. The formation of this pattern, bolstered by Bitcoin’s recovery and significant DOGE accumulation by whales, indicates a promising long-term upward trend for the cryptocurrency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/dogecoins-soaring-market-performance-defies-crypto-correction" rel="noopener noreferrer nofollow">Dogecoin’s Soaring Market Performance Defies Crypto Correction</a></h5>

Dogecoin’s Soaring Market Performance Defies Crypto Correction

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