- Dogecoin (DOGE) rises 0.85% in 24 hours, trading at $0.0827.
- DOGE’s weekly increase exceeds 4%, outperforming top 10 cryptocurrencies.
- Meme coin sector’s market cap slightly above $18.92 billion, down 0.94%.
Within the top 10 cryptocurrencies, Dogecoin
DOGE remained the sole cryptocurrency among the top 10 to maintain a positive weekly performance. According to CoinMarketCap information, the price of the meme-based digital currency had increased by over 4% over the week.
DOGE outperformed all other cryptocurrencies in the top 10 and spearheaded the rally in the meme coin sector. During the previous trading day, most meme coins experienced significant declines in value. In particular, Pepe
The total market capitalization of the meme coin sector was slightly above $18.92 billion, having decreased by 0.94%. At the same time, there was a 1.08% increase in the overall trading volume for the sector, raising it to over $3 billion.
Over the last two days, DOGE rose above the resistance level of $0.08270. Subsequently, it exceeded the resistance level of $0.08665, only to be driven back down by traders. The meme cryptocurrency fell beneath the $0.08270 level in the current trading session but has rebounded since then.
If DOGE ends today’s trading session with a value higher than $0.08270, it might result in the cryptocurrency converting the resistance level of $0.08665 into a support level. Subsequently, DOGE might try to increase to $0.09195 in the next several days.
Conversely, if the daily candle finishes under $0.08270 today, there is a potential for a decline to the next significant support level, which might result in DOGE descending to $0.07755.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
