Based

Future

Dogecoin

when

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/meme-coins-gain-strength-as-dogecoin-solidifies-its-position/" data-wpel-link="internal">Meme Coins Gain Strength as Dogecoin Solidifies Its Position</a> 
Meme coins, especially those associated with <a href="https://en.coin-turk.com/bitcoin-analyst-predicts-potential-upside-movement-as-btc-consolidates/" data-wpel-link="internal">Bitcoin</a>, are becoming increasingly influential in the cryptocurrency market. During the recent bullish trend, meme coins, particularly those based on Solana, have come to the forefront. Despite the rise of SOL-based projects, <a href="https://en.coin-turk.com/dogecoin-whales-move-over-600-million-coins-amid-price-drop/" data-wpel-link="internal">Dogecoin</a> (<a href="https://en.coin-turk.com/dogecoin-price-surges-as-social-media-buzz-grows/" data-wpel-link="internal">DOGE</a>) remains the market leader by volume and continues to strengthen its position. So, what’s happening with DOGE? 
<h2 style="text-align: justify" id="what-is-dogecoin-s-current-price-in-dollars">What is Dogecoin’s Current Price in Dollars?</h2> 
After experiencing a downward trend in its daily performance on March 29, Dogecoin’s (DOGE) price has not been able to reverse this trend. The decline came after the meme coin had seen a significant 28% increase over the last seven days, and at the time of writing, Dogecoin has fallen by 3% in the last 24 hours to $0.2087. 
Although the notable 28% increase has given way to a pullback, DOGE has once again demonstrated its ability to respond to potential bullish scenarios. Dogecoin entered March at a level of $0.1164. 
DOGE saw consecutive green daily candles from March 1 to March 4, but a strong correction occurred on March 5. This price correction continued until March 19, when the price movement reversed. 
Following these events, the price rose from $0.12368 on March 27 to the month’s highest level of $0.22847. This movement in price indicates that Dogecoin is highly volatile and that new increases are possible. 
<h2 style="text-align: justify" id="the-future-of-dogecoin">The Future of Dogecoin</h2> 
Based on the overall market outlook and whale movements, data provided by the crypto analysis platform IntoTheBlock (ITB) has once again highlighted a key resistance point for DOGE’s price. 
There has been a noticeable increase in the number of profitable addresses. With an 88.98% increase to 5.52 million addresses, a total of 6.47 billion DOGE has formed a resistance wall to watch. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-335371" src="https://coin-turk.com/wp-content/uploads/2024/03/doge-6-47-coin-turk-com.jpg" alt="" width="709" height="202"> 
It is known that there are 573,840 addresses at the point where the mentioned 6.47 billion DOGE is located, and current charts suggest that this is the last major hurdle before Dogecoin can test its all-time high (ATH) price of $0.7376. 
In recent weeks, DOGE experienced a sharp price movement following support from Elon Musk. Investors should not forget how quickly DOGE can be affected by such events. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/meme-coins-gain-strength-as-dogecoin-solidifies-its-position/" data-wpel-link="internal">Meme Coins Gain Strength as Dogecoin Solidifies Its Position</a></h5>

Meme Coins Gain Strength as Dogecoin Solidifies Its Position

목차

COINTURK NEWS

2024년 3월 30일에 게재된 다른 기사

What are smart contract wallets?

Q2 outlook: DeeStream set to excel as Cardano, Solana, struggle

Koala Coin (KLC) Stirs Avalanche (AVAX) and Ethereum (ETH) Communities Setting Sights on Becoming...

Why Could Your Favorite DeFi Platform Be the Next Target?

DOGE’s Top Players Are Backing NFTFN, Predicting Its Rise to $5 Will Be the Highlight of 2024

Arbitrum (ARB) Latest Updates and Stacks (STX) Price Trajectory: Key Indicators To Watch

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!