DOGE is Striving to Go Up
Dogecoin (DOGE) has seen a 5.5% increase this week, reaching $0.2073, following a test of support at $0.1800. The cryptocurrency is now aiming for $0.2200, with the potential to reach $0.2600. In March, DOGE attempted to reach this level but faced a significant 26% retracement due to a general correction in the crypto market. However, with Bitcoin (BTC) prices rising by 5.3% to $72,440, there is optimism for DOGE to break through the resistance at $0.2200.
This sentiment is echoed by large investors, as evidenced by Whale Alert reporting a $35 million acquisition of DOGE on Friday. Since then, prices have surged by an additional 17.0%.
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