Dogecoin Spikes Amid US-China Trade Agreement: Analyst Sees 60% Upside If DOGE Holds This Key Support

Dogecoin (CRYPTO: DOGE) is surging late Sunday, on a broader market rally spurred by positive macroeconomic developments.

DOGE Sees High Buying Pressure

The world’s most valuable meme coin spiked over 6% in the last 24 hours, with trading volume more than doubling to $1.87 billion.

In doing so, the token outperformed coins with significantly larger market capitalization, such as Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), which rose only 3.15% and 1.52%, respectively.

Speculative interest in the dog-themed token heightened, with open interest in DOGE futures surging 9% over the last 24 hours.

Notably, nearly 70% of Binance traders with open …

Full story available on Benzinga.com