Dogecoin Rallies 15% In 7 Days: What Is Going On?

Dogecoin (CRYPTO: DOGE) has rallied 15% in the past seven days, with technical indicators suggesting a breakout could be on the horizon.

Cryptocurrency Price    Market Cap 24-Hour Trend 7-Day Trend
Dogecoin (CRYPTO: DOGE)  $0.1988 $29.6 billion +6% +15% 
Shiba Inu (CRYPTO: SHIB)  $0.00001497 $8.8 billion +11.2%  +16.6% 
Pepe (CRYPTO: PEPE)  $0.058793 $3.7 billion +11.2% +17.8% 

Trader Notes: Glassnode data shows around 7% of DOGE’s total supply is concentrated at $0.20, making it a critical resistance zone.

The next major supply zone is $0.31, with little resistance in between suggesting a potential sharp move higher if $0.20 is broken.

Around 15% of DOGE’s supply was last moved 6-12 …

Full story available on Benzinga.com

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