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Title: Dogecoin (DOGE) Jumps 12%, Data Shows More Rally Ahead
Dogecoin (DOGE), the meme cryptocurrency, has experienced a significant surge of 12% in recent hours, further fueling speculation that the asset is poised for more growth. While no asset manager has made a push for this filing, many experts have weighed the possibility.
According to data, DOGE remains oversold on different timescales and related sentiments around BTC retesting its all-time high can drive positive momentum for the meme coin. Dogecoin might reclaim the $0.4 price mark in the short term if it flips the $0.35 resistance as support.
The recent rally, which is unusual given the asset’s history of volatility, has led to an imbalance in liquidations by a staggering 1,209%. This abnormal surge highlights the potential for even greater gains ahead.
As DOGE attempts to break out from its current resistance level, it may be more likely that the cryptocurrency will continue this upward trajectory.
Source: u.today
