Cryptocurrency Dogecoin sharply increased by 10% per day

The leading meme token Dogecoin DOGE $0.21 Binance-Peg Dogecoin 10.78% Market capitalization $0.53 billion VOL. 24 hours $0.52 billion has risen in price by 10% over the past day. According to cryptocurrency market experts, this growth was the result of the activity of large holders («whales») and a breakthrough through key technical levels. A significant volume of purchases by the whales coincided with the overcoming of important resistances on the chart, which launched a wave of liquidations of short positions and further pushed the price up.

Analysts point out that the Dogecoin market is currently experiencing increased volatility, and demand for the coin is fueled by both speculation and optimism after updating local highs. Many traders are reconsidering their strategies in anticipation of possible further impulses if the overall trend of the cryptocurrency market remains positive.

Dogecoin’s growth has become part of a broader movement in the market, when investors are actively entering risky altcoins amid record bitcoin prices and growing interest in speculative assets. Experts advise caution, as such jumps are often accompanied by sharp corrections.