{"id":539082,"date":"2023-06-22T07:03:44","date_gmt":"2023-06-22T07:03:44","guid":{"rendered":"https:\/\/wncen.com\/?p=539082"},"modified":"2023-06-22T07:03:44","modified_gmt":"2023-06-22T07:03:44","slug":"dogecoin-price-jumps-by-23-meme-coin-hype-back-in-full-swing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/dogecoin-price-jumps-by-23-meme-coin-hype-back-in-full-swing\/","title":{"rendered":"Dogecoin Price Jumps By 23% – Meme Coin Hype Back In Full Swing?"},"content":{"rendered":"

Dogecoin (DOGE) has recently experienced a rollercoaster ride. For over a week, its price struggled to break through the $0.063 resistance level, leaving investors uncertain about its future.\u00a0<\/span><\/p>\n

However, there is a glimmer of hope as DOGE has managed to rebound from the support trendline of a channel pattern, sparking renewed interest and increasing accumulation pressure among investors.\u00a0<\/span><\/p>\n

With the broader market sentiment displaying signs of improvement, does Dogecoin’s breakthrough mark the beginning of a new bullish trend?<\/span><\/p>\n

Dogecoin Price Surge Indicates Breakthrough<\/strong><\/h2>\n

The current trading price of <\/span>DOGE on CoinGecko<\/span><\/a> is $0.00000812, showcasing a decent 9.5% surge within the past 24 hours. Additionally, over the span of the previous seven days, DOGE has witnessed an impressive gain of 23.1%.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
This <\/span>surge in price<\/span><\/a> indicates a significant breakthrough for buyers as they successfully breach the nearest significant resistance level of $0.063. <\/span><\/p>\n
This breakout not only marks a pivotal turning point but also serves as the first positive signal of recovery for Dogecoin. With sustained buying pressure, there is potential for the price to reach the $0.095 mark.<\/span><\/p>\n
Related Reading: PEPE Jumps Nearly 10% In 24 Hours, Sparking Speculation Of A New Rally<\/a><\/div>\n
While the ideal target for this pattern remains at $0.095, buyers may encounter in-between resistance levels on their upward journey. <\/span><\/p>\n
The first hurdle they may face is at $0.075, followed by another resistance level at $0.083. These points will require sustained buying momentum to overcome.<\/span><\/p>\n
\"\"DOGE price movement in the last seven days. Source: CoinMarketCap<\/a><\/pre>\n
Remarkable Capital Influx Into Crypto Market<\/strong><\/h2>\n
On the whole, the global financial landscape is currently experiencing a momentous transformation, characterized by the entry of prominent institutional investors into the realm of cryptocurrencies. <\/span><\/p>\n
This paradigm shift is <\/span>exemplified by BlackRock<\/span><\/a>, the largest asset manager worldwide, which has taken a significant stride forward by formally submitting an application for a Bitcoin exchange-traded fund (ETF).\u00a0<\/span><\/p>\n
<\/p>\n
DOGE market cap currently at $9.4 billion. Chart: TradingView.com<\/a><\/pre>\n
In addition to BlackRock’s endeavors, other noteworthy developments have captured the attention of astute market observers. Deutsche Bank, a prominent financial institution, has recently filed for a crypto custody license, signaling its intent to engage with digital assets. <\/span><\/p>\n
WisdomTree, a respected asset manager, has also entered the scene with its own filing for a Bitcoin ETF, further demonstrating the industry’s evolving landscape.\u00a0<\/span><\/p>\n
Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb<\/a><\/div>\n
These recent advancements have not only attracted attention but have translated into a substantial influx of capital into the crypto market. Within the span of just one week, specifically as of June 22, an impressive $177 billion has poured into the crypto market, according to <\/span>TradingView data<\/span><\/a>. <\/span><\/p>\n
This significant surge in capital showcases the increasing confidence and interest of institutional investors in cryptocurrencies as they recognize the potential for substantial returns and diversification opportunities.<\/span><\/p>\n
Featured image from Mid-Day<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Dogecoin (DOGE) has recently experienced a rollercoaster ride. For over a week, its price struggled to break through the $0.063 resistance level, leaving investors uncertain about its future.\u00a0 However, there is a glimmer of hope as DOGE has managed to rebound from the support trendline of a channel pattern, sparking renewed interest and increasing accumulation pressure among investors.\u00a0 With the broader market sentiment displaying signs of improvement, does Dogecoin’s breakthrough mark the beginning of a new bullish trend? Dogecoin Price Surge Indicates Breakthrough The current trading price of DOGE on CoinGecko is $0.00000812, showcasing a decent 9.5% surge within the past 24 hours. Additionally, over the span of the previous seven days, DOGE has witnessed an impressive gain of 23.1%. Source: Coingecko This surge in price indicates a significant breakthrough for buyers as they successfully breach the nearest significant resistance level of $0.063. This breakout not only marks a pivotal turning point but also serves as the first positive signal of recovery for Dogecoin. With sustained buying pressure, there is potential for the price to reach the $0.095 mark. Related Reading: PEPE Jumps Nearly 10% In 24 Hours, Sparking Speculation Of A New Rally While the ideal target for this pattern remains at $0.095, buyers may encounter in-between resistance levels on their upward journey. The first hurdle they may face is at $0.075, followed by another resistance level at $0.083. These points will require sustained buying momentum to overcome. DOGE price movement in the last seven days. Source: CoinMarketCap Remarkable Capital Influx Into Crypto Market On the whole, the global financial landscape is currently experiencing a momentous transformation, characterized by the entry of prominent institutional investors into the realm of cryptocurrencies. This paradigm shift is exemplified by BlackRock, the largest asset manager worldwide, which has taken a significant stride forward by formally submitting an application for a Bitcoin exchange-traded fund (ETF).\u00a0 DOGE market cap currently at $9.4 billion. Chart: TradingView.com In addition to BlackRock’s endeavors, other noteworthy developments have captured the attention of astute market observers. Deutsche Bank, a prominent financial institution, has recently filed for a crypto custody license, signaling its intent to engage with digital assets. WisdomTree, a respected asset manager, has also entered the scene with its own filing for a Bitcoin ETF, further demonstrating the industry’s evolving landscape.\u00a0 Related Reading: Shiba Inu Breaks Through Crucial Resistance Point With 10% Climb These recent advancements have not only attracted attention but have translated into a substantial influx of capital into the crypto market. Within the span of just one week, specifically as of June 22, an impressive $177 billion has poured into the crypto market, according to TradingView data. This significant surge in capital showcases the increasing confidence and interest of institutional investors in cryptocurrencies as they recognize the potential for substantial returns and diversification opportunities. Featured image from Mid-Day<\/p>\n","protected":false},"author":557,"featured_media":539093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,85675,7,8686,83767,4735],"class_list":["post-539082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-doge-price","tag-dogecoin","tag-ethusd","tag-meme-coins","tag-price-action"],"acf":[],"yoast_head":"\nDogecoin Price Jumps 14% - Meme Coin Hype Back In Full Swing?<\/title>\n<meta name=\"description\" content=\"Dogecoin (DOGE) has recently experienced a rollercoaster ride. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Dogecoin Price Jumps By 23% – Meme Coin Hype Back In Full Swing?","url":"http:\/\/wncen.com\/news\/dogecoin-price-jumps-by-23-meme-coin-hype-back-in-full-swing\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/dogecoin-price-jumps-by-23-meme-coin-hype-back-in-full-swing\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-123.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-123.png?fit=641%2C360"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","doge price","dogecoin","ethusd","meme coins","price action"],"dateCreated":"2023-06-22T07:03:44Z","datePublished":"2023-06-22T07:03:44Z","dateModified":"2023-06-22T07:03:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Dogecoin Price Jumps By 23% – Meme Coin Hype Back In Full Swing?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-price-jumps-by-23-meme-coin-hype-back-in-full-swing\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/dogecoin-price-jumps-by-23-meme-coin-hype-back-in-full-swing\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-123.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/06\\\/a-123.png?fit=641%2C360\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"doge price\",\"dogecoin\",\"ethusd\",\"meme coins\",\"price action\"],\"dateCreated\":\"2023-06-22T07:03:44Z\",\"datePublished\":\"2023-06-22T07:03:44Z\",\"dateModified\":\"2023-06-22T07:03:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/06\/a-123.png?fit=641%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539082"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=539082"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/539082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/539093"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=539082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=539082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=539082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}