rear bitcoin Bitcoin/USD Spike, it looks like it’s your turn dogecoin Doge/US Dollar To keep up with vertex ciphers.
What happened: After bottoming out in late 2022, DOGE started a short-term uptrend at the beginning of the new year. It reached the resistance area near $0.0918 on Jan. 14 but failed to break out of it.
After trailing some gains, Meme Crypto has found support near $0.08. Since Friday, Doge has picked up momentum amid a general rise in risk appetite. It traded between $0.0808 and $0.0868 on Friday.
After hitting an intraday high of $0.887 on Saturday, DOGE closed the session at $0.0848. Coming into Sunday, the uptrend picked up and the cryptocurrency pushed him above the $0.090 level to its highest level since mid-December.
See also: Is Dogecoin a good investment?
Important reasons: Dogecoin’s rise on Sunday came despite Bitcoin’s rally losing momentum. The rally could be a technical move as cryptocurrencies approached short-term resistance. The rally was not accompanied by a recovery in volume, probably due to the typical low volume trading seen over the weekend.
At the last check, Dogecoin rose 8.75% to $0.09221 in 24 hours, according to Benzinga Pro data.
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