Dogecoin has seen a 26% increase in value this week, reaching around $0.2025. This growth is supported by strong trading volume and a high market cap. Traders are hopeful that Dogecoin will reach the $0.27 level, which it last approached in late 2021. Technical analysis shows a bullish Golden Cross and a strong buying pressure.
Additionally, on-chain metrics demonstrate a solid support base for Dogecoin. If the token breaks through the $0.2290 resistance level, it could reach $0.27, followed by $0.30. However, if it fails to surpass $0.2290, a temporary pullback may occur, with support levels at the 0.786 and 0.618 Fibonacci levels.
