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<p><a href="https://twitter.com/OG_Yomi/status/1763009402326401049?t=h_kJuC8Sar0q8kk49Thuhg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Cryptocurrency analyst Yomi </a>highlighted growing optimism around Dogecoin in recent tweets. He pointed to Dogecoin flashing a 2-week “super trend buy signal” for the fourth time in its history. After previous such signals, Yomi notes that “immediate parabolic price action” tended to follow in the months ahead.</p>
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<p>This lines up with <a href="https://twitter.com/OG_Yomi/status/1762866257102098667?t=qgvW-Ne8biPqBMEobPFvLA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Yomi’s analysis of Dogecoin </a>emerging from a 658-day “accumulation range.” He notes a key resistance level around $0.112 that Dogecoin has now broken above. With this pivotal resistance cleared, Yomi suggests the extended period of range-bound trading has ended, allowing prices to trend higher.</p>
<p><strong>Recent Trading Activity Confirms Interest</strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="711" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-711x1024.png" alt="" class="wp-image-445569" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-711x1024.png 711w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-208x300.png 208w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-767x1106.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-1066x1536.png 1066w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-1421x2048.png 1421w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-104x150.png 104w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-100x144.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-243x350.png 243w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088-788x1135.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1088.png 1179w" sizes="(max-width: 711px) 100vw, 711px">
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<p>In line with Yomi’s bullish outlook, the <a href="https://twitter.com/WatcherGuru/status/1763057589330248007?t=Cqo2kscS4okC_uKVPhKB-Q&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">@WatcherGuru X account</a> noted intensifying trading activity around Dogecoin. Specifically, Dogecoin prices rose over 32% in a 24-hour period earlier this week. Trading volume has also spiked 204% to $5.78 billion within 24 hours at the time of writing.</p>
<p>The surge in volume and price appears tied to the resolving technical signals identified by Yomi. Many Dogecoin holders seem to be anticipating and capitalizing on a renewed uptrend. If prices can break above the next resistance level around $0.17, that would likely confirm the rally has further room to run.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-dogecoin-doge-price-pumping/" rel="noopener noreferrer nofollow">Why Is Dogecoin (DOGE) Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Dogecoin (DOGE) Price Pumping?

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