Dogecoin Sees Bullish Spike In Volume Despite Fierce Competition From Shiba Inu And Other Meme Coins
Summary
Dogecoin has been bearish, but recent data shows a potential shift to bullish sentiment. Trading volume has surged by 23% on derivatives market and 16% on the spot market, with Dogecoin surpassing $0.15. Despite competition from meme coins, Dogecoin's trading volume has spiked, mainly on Binance. The price is up by 6.06% to $0.1533, and sustained rally depends on breaking resistance levels at $0.16 and $0.17. A whale wallet acquired 100 million DOGE tokens worth $15.2 million from Robinhood.
