Global #DOGE

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.