Dogecoin

bullish

Hamster Kombat

Momentum

<ul class="wp-block-list">
 <li>DOGE has spiked by 4.48%, over the past 24 hours.</li>
 <li>The meme coin continued to stay in the neutral zone.</li>
</ul>
Top meme coins in the market are recovering from their recent lows. Among them, the dog-themed meme coin, Dogecoin (DOGE), has been seemingly in bullish mode. In the last 24 hours, the meme token gained over 4.48% and trades within the $0.11 range.&nbsp;
The DOGE price’s peak and low were recorded at $0.1146 and $0.1071, respectively. At the time of writing, DOGE traded at $0.1137, with its daily trading volume increasing by 32.16% to $937 million, as per CMC <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">data</a>.&nbsp;
Ali charts <a href="https://x.com/ali_charts/status/1839192768733733228" target="_blank" rel="noopener noreferrer nofollow">reveal</a> that Dogecoin has recently surged past the critical $0.111 resistance level, a price point where 62,270 addresses hold over 36 billion DOGE tokens. This upward momentum suggests a growing bullish trend in the market.
With no major supply walls ahead, the next target could be $0.150. Additionally, the recent rise in DOGE’s adoption, supported by Elon Musk’s <a href="https://thenewscrypto.com/will-elon-musks-legal-win-propel-dogecoin-above-0-15/" target="_blank" rel="noopener noreferrer nofollow">continued influence</a>, could likely contribute to sustained price growth.
<h3 class="wp-block-heading" id="h-will-the-bullish-momentum-sustain">Will the Bullish Momentum Sustain?</h3>
The upward momentum of DOGE has continued over the past month and week. In the last thirty days, the asset gained over 8.50%. However, this bullish sentiment reflected on the weekly chart that displayed a 9.21% spike, from $0.1043 to $0.1103.&nbsp;
The technical indicators of DOGE suggest the asset has surpassed the bearish trend. The short-term 9-day and the long-term 21-day moving averages are found below the current price momentum. Moreover, the asset is in the neutral zone, as the daily relative strength index (RSI) stands at 69.27.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcUw8T1E_8fAdtQEe13cViLDMcHwVl8GihXZhOhKWIK3v73ivZhqA5aOraAoi40ruBmOdQ9AMZpPluLq5wNRNl06KNSPlP9jj6oc7GnXzKPBc2jjCvaOZQCwVPOQBektGBHoi5z5DaK6WkYBdIQ2D4uXQo?key=15cNF_lNz-IrNrujY574CA" alt="">
 <figcaption class="wp-element-caption">DOGE price chart Source: (<a href="https://in.tradingview.com/symbols/DOGEUSD/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>)
 </figcaption>
 </figure>
</div>
At press time, the asset’s price break past the $0.1140 mark might signal the <a href="https://thenewscrypto.com/dogecoin-rallies-as-trump-proposes-cabinet-role-for-elon-musk/" target="_blank" rel="noopener noreferrer nofollow">bull cycle</a>. DOGE may test the major resistance at the $0.1171, a crucial area for bulls. A rebound from this level allows the asset to recover, but losing it could drive the price toward the $0.1134 support zone.&nbsp;
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Is Dogecoin (DOGE) Poised for a Breakout as Uptober Nears?

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