Dogecoin (DOGE) experienced a significant price surge, climbing 8% to $0.1467 in a 24-hour period, marking its strongest performance in weeks. This price movement was supported by a substantial increase in trading volume, with 1.37 billion tokens exchanged, representing a 242% rise above the average daily volume. The surge in activity is attributed to renewed institutional interest in the memecoin sector.
The recent breakout saw Dogecoin testing key resistance levels between $0.1475 and $0.1480, suggesting a potential upward trajectory towards the $0.1500 to $0.1520 range. This development highlights the growing momentum in the memecoin market as institutional flows return.
Dogecoin Surges 8% Amid Increased Institutional Interest
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
