Dogecoin (DOGE) Demonstrates Strong Recovery Over the Past 100 Hours

Given DOGE's recent momentum, it appears to be on an upward trajectory. The price has risen steadily over the last two days

Dogecoin (CRYPTO: DOGE) is known for its volatile price flunctions, quickly switching between dips and recoveries. Over the past 100 hours, the meme coin has experienced both, keeping traders on their toes.

Here's a closer look at Dogecoin's recent performance and what traders can expect next.

What Happened: According to data from Benzinga Pro, Dogecoin is currently trading at $0.1737, up 13.98% over the last 24 hours. The coin has experienced a 64.30% increase over the last seven days.

The price is showing signs of a downward trend, with a 9.98% decrease over the last three hours and a 21.77% decrease over the last 12 hours.

As of press time, Dogecoin is ranked ninth on CoinMarketCap with a market capitalization of $12.40 billion.

Why It Matters: Dogecoin appears to be heading toward a new all-time high of $0.1900, especially if the market continues to show bullish interest in the cryptocurrency.

Also Read: Stellar Lumens, A Chainlink Rival And 3 Other Altcoins Showing Strength

If the meme coin manages to maintain its momentum, it could reach $0.1850 - $0.1900 in the next 24 hours. However, traders should be wary of potential corrections and high volatility in the market.

It's important to note that this content is meant to provide information and should not be considered financial advice. The views expressed in this article include the author's personal opinions and do not represent Times Tabloid's opinion.

Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid will not be liable for any financial losses.