US regulator provokes sharp growth of Dogecoin cryptocurrency

The Dogecoin meme coin DOGE $0.20 Binance-Peg Dogecoin 0.33% Market capitalization $0.52 billion VOL. 24 hours $0.23 billion has shown a sharp rise amid general market optimism caused by news of a trade agreement between the US and China. Over the past 24 hours, the token has added more than 6% in value, and its daily trading volume has doubled to $ 1.87 billion. At the time of publication, the price of Dogecoin was $ 0.2.

Compared to other major cryptocurrencies, Dogecoin showed higher dynamics: Bitcoin grew by 3.15% and XRP by 1.52%. Analysts recorded an increase in speculative interest: open interest in DOGE futures increased by 9% per day, and about 70% of traders on Binance are bullish, expecting further growth.

Crypto analyst Ali Martinez called the $ 0.18 level a key support for Dogecoin. If the token stays above this level, it can reach $ 0.25 and then $ 0.33. This means a potential increase of 21−60% from the current price.

Technical indicators confirm the positive sentiment on the market. The MACD indicator has given a buy signal, and the Bull Bear Power shows neutral values, indicating a balance between buyers and sellers.

Analysts attribute Dogecoin’s recent surge not only to technical factors but also to macroeconomic ones. In particular, positive talks between US President Donald Trump and Chinese President Xi Jinping on a trade «preliminary consensus» contributed to the growth of the crypto market and stock indices.