Dogecoin Price Bounces 8.6%

Krutika Adani

Price Recovery in Dogecoin

Dogecoin has gained 8.6%  from its lows of $0.116 to $0.126 in a strong attempt to recover from its fall from the highs of $0.28.

General Bullishness in Memecoins

Over the last 24 hours, the memecoin markets have been generally bullish.

Top Memecoins Lead

Top memecoins other than DOGE also lead with decent gains in the last 24 hours, such as Shiba Inu(2.67%), dogwifhat (9%) and Pepe (9%).

Dogecoin Is the Most Suitable Candidate for a Rally

Based on strong fundamentals, expansion to new markets, and increased on-chain activity, Dogecoin is one of the strong contenders if memecoins rally in the future.

Levels To Watch

Dogecoin must break the crucial resistance at $0.218 to complete the formation of the super bullish Cup and Handle pattern in its weekly charts.