Dogecoin (DOGE) surged past $0.1470 on Tuesday, driven by a 312% increase in trading volume between 15:00 and 17:00 GMT. Despite this significant price movement, DOGE remains below its 20-day EMA of $0.1476, which serves as a dynamic resistance level.
On-chain activity for Dogecoin reached a three-month high with 67,511 active addresses, although the network experienced $4.81 million in net outflows, reflecting mixed market conditions. Technical indicators show early signs of momentum, with the RSI at 41 and the MACD nearing a bullish crossover. However, structural resistance at $0.1522 poses a challenge for further upward movement.
Dogecoin Surges Above $0.1470 Amidst High Trading Volume
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