Dogecoin Rises 5.75% as Institutional Interest Drives Price Surge
Dogecoin (DOGE) Update
Dogecoin surged nearly 6% in 24 hours, rebounding from recent lows due to increased institutional interest. Key developments include:
- DOGE rose from $0.191 to $0.200, a 5.75% gain.
- The token formed an uptrend with higher lows and higher highs after 22:00.
- Resistance at $0.193 was broken, establishing support at $0.200.
- Peak trading volume reached 470 million units at 01:00.
- Significant buying activity occurred in the last hour, with spikes at 01:43 (32.9M units) and 01:46 (37.3M units).
- A $20 million DOGE transfer to Coinbase coincided with renewed interest in meme coins.
- DOGE closed above $0.200 with decreased volatility.
Traders will monitor DOGE's ability to maintain momentum amid overall market volatility.