Popular dog-themed cryptocurrency Dogecoin (CRYPTO: DOGE) edged higher Wednesday, defying weaknesses in blue-chip cryptocurrencies.
What happened: The world’s largest meme coin rose over 3% in the last 24 hours, while its trading volume spiked 30% to over $2 billion.
DOGE’s surge contrasted with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which struggled on broader market concerns about President Donald Trump’s new auto tariffs. While the apex cryptocurrency was up just 0.21%, its younger sibling, ETH, fell 0.95%.
See Also: Jim Cramer Applauds GameStop For Acting On His ‘Bitcoin Ploy,’ CEO Ryan Cohen Can’t Help But React
Widely followed cryptocurrency analyst Ali Martinez, drawing on inferences from the SuperTrend indicator, projected that DOGE could “enter a bullish phase” if it breaks $0.21.
The SuperTrend indicator …
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