Dogecoin (DOGE) experienced a significant price surge this week, driven by increased trading volume and a positive outlook for the broader cryptocurrency market. The asset’s current price is $0.1982, representing a 5.47% increase over the past seven days, according to CoinMarketCap. Over the last 24 hours, DOGE has traded between $0.1944 and $0.1997, a narrow range just below the $0.20 resistance level.
The memecoin broke through a key resistance level at $0.1988 during a strong intraday move earlier in the week. Analysts attributed the surge to increased institutional involvement and broader market engagement, as evidenced by higher trading volumes. In addition, the volume growth aligned with price increases in other cryptocurrencies, such as Bitcoin and Ethereum, suggesting a shift towards a risk-on attitude.
