Dogecoin Surges Nearly 9% Amid Strong Meme-Coin Activity
- Dogecoin (DOGE) rose by approximately 8.8%, moving from $0.23 to $0.25 in a recent trading session.
- Trading volume exceeded one billion tokens, with volatility reaching up to 9.3% during the session.
- Support levels for DOGE have shifted to $0.242, while resistance is noted at $0.254–$0.255.
- Shiba Inu (SHIB) also experienced a rally of about 6%, driven by significant turnover and low exchange balances.
- Both DOGE and SHIB’s price movements are attributed to speculation around U.S. ETF approvals and institutional interest.
The recent surge in meme-coins like DOGE and SHIB highlights increased institutional accumulation, particularly as exchange reserves hit multi-year lows for SHIB.
As DOGE approaches key resistance at $0.254, traders are closely watching if it can establish support above $0.25 for potential gains toward $0.32.(Source)
