The post Why Dogecoin (DOGE) Price Is Up Today? appeared first on Coinpedia Fintech News
As the crypto market records a strong bullish reversal, Bitcoin price records a 24-hour high of $58,041.12. Following this, top altcoins have followed in their footsteps and experienced a similar price action by breaking out of their respective resistance levels.
On the other hand, the memecoin category has recorded the highest gains with 5 tokens securing a spot in the daily top gainers list. The prime reason for this price surge is speculated to be increased whale activity in the market.
With this, investor’s speculations about a potential memecoin mania this year have resurfaced. Dive in as, in this article, we have covered the price analysis of the largest memecoin by market capitalization.
DOGE Price Breaks Its Important Resistance Level
After hovering close to its support/resistance trendline of $0.101 since August. The Dogecoin price has regained momentum by adding ~5% to it
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