Dogecoin (DOGE) To Create New ATH? Find Out!

Dogecoin (DOGE) To Create New ATH? Find Out!

  • To confirm the upswing, the price must slam the crucial levels at $0.32.
  • If the asset receives a larger push, it may break the pattern.

Bitcoin and Ethereum prices have hit monthly highs, igniting intense optimistic feelings. After a lengthy period of stagnation, the XRP price moved approached its immediate resistance levels. Contrary to expectations, Dogecoin fails to break over the $0.3 barrier level.

The price of DOGE soared in the final two days of October 2021. After a little fall, the price stayed stable for almost a week. However, the new spike rallied the price by almost 8% in an hour, with a noteworthy decrease from $0.2979 to $0.2817. Even if the market seems to be ranging south, a breach of support levels confirms a downturn.

Momentary Rejection

Despite a momentary rejection, the doge price is still in range. The asset may, however, consolidate inside the triangle without breaking. If the asset receives a larger push, it may break the pattern in the following few hours or trading day.

DOGE/USDT: Source: TradingView

To confirm the upswing, the price must slam the crucial levels at $0.32. After that, the next major milestone might be over $0.4 and finally near $0.7. So, following the second ATH, the dollar mark may be more attainable for DOGE pricing.

The trade volume of Dogecoin has increased by over 210 percent, reaching over $3 billion. So, if the large volume persists, the DOGE price may soon break the trend. The Shiba Inu Price surge may encourage a greater Dogecoin price rally in the coming days. According to CoinMarketCap, the Dogecoin price today is $0.278851 USD with a 24-hour trading volume of $3,645,377,421 USD.

The post has appeared first on thenewscrypto.com

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