Dogecoin (DOGE) Soars 10% as It Targets Higher Increase
Latest News News

Dogecoin (DOGE) Soars 10% as It Targets Higher Increase

Dogecoin, a meme coin designed as a parody on Bitcoin and launched as a side project in 2013 by two IT engineers (one known as “Shibetoshi Nakamoto” on X), has increased by more than 10%, rising from $0.0730 to $0.0813. 

Dogecoin Price Chart | Source: Coinstats


DOGE has risen for two days in a row. Overall, the leading meme coin has increased by 14.74% in the last 48 hours. 

According to CoinMarketCap, trading volume has climbed by more than 15% in the last 24 hours, reaching $1,150,262,483. 

Despite the rising price, the Dogecoin Fear and Green Index, which also exists for Bitcoin, Ethereum, and other cryptos and measures market mood, currently stands at 68 and stays in the Greed zone. This suggests that the market may be overheated, and traders and investors are likely to begin selling DOGE in order to profit from it, causing the price to fall. 

When the index begins to exhibit “fear,” it indicates that this is a strong purchasing opportunity, and market participants are likely to begin stockpiling a coin, driving up its price. 

Read Also: Pika Protocol Announces Retirement of Pika Token

As previously reported by U.Today, analyst Ali Martinez posted a figure generated by on-chain data business IntoTheBlock earlier this week. According to the graph, DOGE was “navigating a tight zone sandwiched by two critical supply walls.” 

The chart offered the possibility of a Dogecoin breakout. Martinez believes it is possible if DOGE can break beyond the $0.076 barrier. In that case, he said, all eyes should be on “the next significant hurdle at $0.084.”

Disclaimer: The information provided is not trading advice. holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.