Dogecoin Price Up 6.5%: What Is Going On?
Posted On November 29, 2024
Dogecoin‘s (CRYPTO: DOGE) rally back above 40 cents has captured the attention of traders, with many expressing optimism about a potential rally to new highs.
What Happened: Following a period of consolidation around $0.40, DOGE is up 6.5% on the day, trading around $0.425 at the time of writing.
Technical analysts are signaling bullish indicators on multiple timeframes, fueling speculation about the cryptocurrency’s next move.
Prominent trader Eugene Ng highlighted Dogecoin’s resilience after reclaiming the $0.40 mark.
“Reclaiming 4H after faking down below 40c looks to me like this was indeed some healthy consolidation,” he tweeted. “Don’t think …
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