Global #DOGE

Dogecoin (DOGE) and Book of Meme (BOME) are leading the charge among memecoins in the current crypto bull market, experiencing synchronized surges despite their different launch times.

Dogecoin (DOGE) whales have been actively increasing their holdings of the popular meme cryptocurrency in recent days, accumulating over 1 billion DOGE, equivalent to $157 million, within a week.

Let's examine how Dogecoin (DOGE) and Shiba Inu (SHIB) stack up against the leading cryptocurrencies in the sector based on their "active addresses."

The past week has seen a decline in the demand for Dogecoin (DOGE), as indicated by on-chain data. This drop in activity within DOGE's network has led to its price stabilizing within a narrow range, forming what's known as a horizontal channel.

DOGE has seen a marginal uptick of 0.2% in the last 24 hours, reaching $0.1652, amidst a 0.5% overall increase in the crypto market today.

Crypto analyst Ali Martinez has been examining technical indicators in Dogecoin (DOGE) and VeChain (VET), suggesting potential signs of a price upswing. Martinez notes that DOGE has faced significant resistance, keeping its price range narrow.

The price of meme-inspired cryptocurrency Dogecoin ($DOGE) has increased significantly during the last week by more than 10%. The increase in activity is ascribed to the increased interest signaled by whales, or huge investors.

Kabosu, the Shiba Inu who became famous as the face of the "Doge" meme and the Dogecoin cryptocurrency, passed away peacefully on May 24 at the age of 17.

The recent recovery of Bitcoin above $71,000 has injected optimism into the entire cryptocurrency market, leading to a surge in Dogecoin's price. DOGE has managed to surpass the $0.16 resistance level amidst this bullish sentiment.

The recent surge in Dogecoin's (DOGE) price suggests a potential for gains as it indicates a recovery trend. Historically, instances of short liquidations within the past 24 hours have often been succeeded by price increases, and this pattern could repeat itself this time.

The memecoin sector has experienced remarkable growth, outpacing other areas in the cryptocurrency market. Recent data from Artemis indicates a staggering 114% year-to-date increase.

Dogecoin experienced a correction in its gains, retracing to test the $0.150 level against the US Dollar. Currently, DOGE is consolidating and appears poised to initiate a new upward movement, potentially surpassing the $0.1520 mark.