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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-sees-significant-market-value-increase/" data-wpel-link="internal">Dogecoin Sees Significant Market Value Increase</a> 
Dogecoin is experiencing a notable increase in market value. The altcoin is currently trading above $0.13, reflecting a bullish trend among investors. The recent surge indicates <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">potential for future</a> breakouts as more bullish trend lines emerge. According to recent data, DOGE is trading at $0.14, marking a strong 5% increase. 
<h2 class="p1" style="text-align: justify" id="why-is-dogecoin-rising">Why is Dogecoin Rising?</h2> 
Dogecoin has fluctuated between $0.1264 and $0.1431 in the last 24 hours, reflecting significant market value growth. DOGE price increased by 18% over the past week. This recent rise has pushed the cryptocurrency’s price well above its previous years’ lows, though it remains below the all-time high of $0.7376 reached on May 8, 2021. 
Most cryptocurrencies are recovering, with many seeing value increases. Bitcoin has notably surpassed $67,000, while Ethereum closely follows, stabilizing around $3,500. <a href="https://en.coin-turk.com/solana-surpasses-bitcoin-in-daily-active-users/" data-wpel-link="internal">Solana</a> has also shown significant gains, reaching a price point of approximately $180. 
DOGE has recently seen a significant increase in transaction volumes from major stakeholders. This increase is closely linked to the cryptocurrency’s <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market performance</a>. Recent analyses reveal a strong connection between these large-scale transactions and Dogecoin’s price volatility. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-372877" src="https://coin-turk.com/wp-content/uploads/2024/07/whale-3.png" alt="" width="500" height="268"> 
A notable transaction involved the transfer of 93 million Dogecoin, worth approximately $12,798,210, from an unidentified wallet directly to the trading platform Binance. Such activities often precede market volatility and attract the attention of both investors and analysts. 
<h2 class="p1" style="text-align: justify" id="doge-chart-analysis">DOGE Chart Analysis</h2> 
DOGE price could see a significant rise if it surpasses the $0.15 resistance, potentially challenging the crucial $0.3 resistance. This breakout could disrupt normal trading behavior, and if it stays above this level long-term, it could surpass the all-time high of $0.73. 
Conversely, if the DOGE price prediction falls below $0.13, it could drop towards the $0.12 support following the current downtrend line. Negative market trends could push the support down to $0.11, deepening the decline. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-372876 size-full" src="https://coin-turk.com/wp-content/uploads/2024/07/doge.webp" alt="" width="1154" height="588"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/dogecoin-sees-significant-market-value-increase/" data-wpel-link="internal">Dogecoin Sees Significant Market Value Increase</a></h5>

Dogecoin Sees Significant Market Value Increase

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