The post Why is Dogecoin Price surging today? appeared first on Coinpedia Fintech News
With the BTC price surpassing the $81,000 mark and creating an all-time high at $81,888, the altcoin season seems to have begun in the crypto market. The total crypto market cap has reached $2.78 trillion, with the meme coin segment inching closer to the $100 billion mark.
Currently, the market cap of meme coins is worth $92.48 billion, with Dogecoin accounting for a $42.98 billion market cap. As Dogecoin’s price surged nearly 100% last week, let’s examine Coinpedia’s latest DOGE price analysis for future price targets.
Dogecoin Price Performance
With a massive trend reversal in the daily chart, the Dogecoin price shows a parabolic bull run, breaking out of a falling wedge pattern. The uptrend in Dogecoin is now trading at its 52-week high level near $0.29078, which is formed at the 24-hour high of $0.30294.
Tradingview
Based on the Fibonacci levels, the recovery rally is now c
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