Dogecoin (DOGE) surges 16.93%, hitting resistance at $0.16460—will bulls push to $0.20, or is a pullback ahead?
saw a rapid surge of 16.93% over the past day. This strong move came after the coin retested the $0.14080 support level, indicating a solid base and driving it toward a critical resistance at $0.16460.at $0.1654 with a 24-hour trading volume of $4.37 billion. The circulating supply was 150 billion DOGE, and the market cap stood at $24.24 billion.
This raises the chance of a short-term pullback or a period of consolidation. Should DOGE dip, the middle Bollinger Band standing at $0.1328 may act as a support zone. While this could signal a potential short-term correction, strong RSI levels are common in strong uptrends.The Market Value to Realized Value Ratio for DOGE increased by 4.66% in the past 24 hours and was hovering around the 1.5 mark. The MVRV ratio gauges profitability for holders.
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