Dogecoin (DOGE) Soar By 20% Last Week Ahead Of ‘Doge Day’
Latest News News

Dogecoin (DOGE) Surge By 20% Last Week Ahead Of ‘Doge Day’

Dogecoin (DOGE) has experienced a significant surge of 20% in value over the past week ahead of ‘Doge Day’.

The surge in Dogecoin’s price, coupled with the anticipation of so-called Doge Day and the launch of Dogecoin futures products on Coinbase, suggests a bullish momentum for the cryptocurrency.

The coin, created by software engineers Billy Markus and Jackson Palmer, has enjoyed a resurgence that led to increased interest in other meme coins like Dogwifhat (WIF), Book of Meme (BOME), Pepe (PEPE), and Slerf (SLERF).

According to Tradingview, support levels for Dogecoin (DOGE) are seen at 0.081 cents and 0.094 cents, indicating key levels where buying interest may emerge to prevent further price declines. 

Moreover, a significant support level is observed around 0.10 points, with no immediate resistance apparent, implying a potential stabilizing factor for price fluctuations.

Following the breach of the $0.10 level, technical analysis highlights specific price thresholds serving as resistance, including the Price 1 Standard Deviation Resistance at 0.229990, 52-Week High at 0.228323, 13-Week High at 0.228323, and 1-Month High at 0.228323.

See Also: Binance Chose Ethena (ENA) For The 50th Launchpool Project! The Price Of BNB Soar After The Announcement!

These levels offer valuable guidance to traders and investors, aiding them in navigating Dogecoin’s dynamic movements within the cryptocurrency market.

As Dogecoin continues to make headlines and exhibit bullish behavior, investors are monitoring its movements, anticipating further positive price action and potential market disruptions.

At press time, Dogecoin is trading at $0.2032, representing a price increase of 69.3% in the past 30 days. 

On March 29, cryptocurrency commentator DogeDesigner suggested on social media that the strong bullish momentum for DOGE will eventually trade at $0.69.

Doge Day

Doge Day, to be celebrated on April 20, holds significant importance in the cryptocurrency market, particularly for Dogecoin enthusiasts. Supporters of Dogecoin will convene to promote and drive the value of the cryptocurrency.

This day is marked by various activities, including buying and holding Dogecoin, to push its value “to the moon.”

The choice of April 20 for Doge Day is not coincidental, as it coincides with the unofficial holiday celebrating marijuana, known as “420.” This date adds a layer of cultural significance to the event.

The crypto community’s recognition of Doge Day reflects a collective push to elevate the meme coin’s status from an irreverent digital asset to a viable option for transactions and investments — attracting both retail and institutional interest.

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.

#Binance #WRITE2EARN

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.