Dogecoin surges 10% on volume spike, targets $0.25
2025-07-11 08:23:58
Main Idea
Dogecoin (DOGE) surged 10% with increased trading volume, targeting $0.25 amid bullish market sentiment.
Key Points
1. DOGE's price rose 10% to approach $0.20, with a 24-hour trading volume exceeding $2.2 billion (up 33%).
2. Analysts predict DOGE could rally to $0.25 or even $0.34 if bullish momentum continues, with $0.20 acting as a key support level.
3. Technical indicators like the RSI (81) and MACD suggest strong buyer control, though DOGE is entering overbought territory.
4. DOGE was the second-best performer among top 10 cryptocurrencies by market cap, trailing only Cardano's ADA.
5. A potential correction could see DOGE retest major support levels, but sustained volume may help reclaim earlier 2025 losses.
Description
The cryptocurrency market has been bullish over the last few days and looks to end the week in a positive manner. Bitcoin has rallied to a new all-time high of $118k while Ether is trading above $3k once again. DOGE, the native coin of the Dogecoin ecosystem, is one of the best performers among the top 10 cryptocurrencies by market cap. It added 10% to its value in the last 24 hours, suggesting a breakout that could result in higher prices in the short to medium term. Higher volume triggers DOGE...
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