Dogecoin Soars
Dogecoin DOGE/USD saw a remarkable upswing over the weekend, reaching its highest level since mid-March.
Recent Developments
What Happened: Dogecoin, which closed Friday at $0.152703, initiated Sunday at $0.152775, embarking on an upward trajectory. The digital currency has been fluctuating within the $0.151934 to $0.168061 range.
Dogecoin surged by 10.53% in the last 24 hours to $0.165642, according to data from Benzinga Pro.
The Road Ahead
What’s Next: Dogecoin only began to break free from a consolidating phase in late February, lagging behind other cryptocurrencies. After peaking at $0.205439 on March 5, it retraced and hit a low point of $0.123453 on March 20, before acquiring upward momentum.
Technical analysis indicates potential for further growth, as noted by cryptocurrency trader Yomi. “Attempting to break neckline of inverse head n shoulders. Short term time frame stuff is not my favorite but hey it gives us some entertainment on a weekend,” they shared on X, once known as Twitter.
