The cryptocurrency has previously been held back by this resistance level, and its recent upward movement has been supported by higher trading volumes. On October 18, 2024, Alan Santana tweeted that the breakout along with the rising volume has given traders confidence that Dogecoin’s growth trajectory could be long-term.
The cryptocurrency is currently priced at $0.14417, a 9.55% boost from the previous day.
Dogecoin has demonstraten bullish momentum by breaking through its 200-day moving average (MA200) and registering boostd volume. While there are bullish signs, traders remain cautious as the market’s volatility could still impact Dogecoin’s long-term growth trajectory.
