Why Dogecoin price is still running toward $2
DOGE price is down 5% today in the past 24 hours but several technical and onchain metrics suggest that Dogecoin could soon tag new all-time highs.
Dogecoin (DOGE) price has dropped over 3.5% in the last 24 hours to $0.3663, despite a recovery across the broader cryptocurrency market, which rose by around 3% in the same period to rest at $3.62 trillion.
Although DOGE currently trades 33% below the multi-year high of $0.4846 reached on Dec. 8, 2024, several factors support more upside for the world’s largest memecoin.
DOGE/USD daily chart. Source: Cointelegraph/TradingView
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Author: Nancy Lubale
