This week, Dogecoin DOGE $0.09 Dogecoin 1.91% Market capitalization $13.28 billion VOL. 24 hours $0.13 billion is once again in the spotlight, with its price rising by 10% over the past seven days and adding 8% in just one day. Traders speculate that the meme-coin may soon approach the $ 0.2 mark.
On the wave of this optimism, Dogecoin rose from $ 0.17 to $ 0.185. Currently, the coin is showing short-term positive dynamics, although its rate is still in the red for the month, with a drop of about 24%. Nevertheless, Dogecoin remains the leader among meme coins with a market capitalization of $ 27.5 billion and the eighth place in the overall cryptocurrency ranking.
Analysts note that Dogecoin is currently hovering around $ 0.185, where it has encountered some resistance. Further movement will depend on whether there are enough buyers in the market to break through this level and gain a foothold higher. If seller pressure increases, the price could fall back to $ 0.175.