As the bulls regained strength over the past few days, major cryptocurrencies witnessed considerable respite. Following impressive gains, Dogecoin has soared a substantial 8% over the last 24 hours. The coin was changing hands at $0.151 at the time of writing. Market movers were seen trading in the green, as a reason altcoins also jumped north on their charts.
Following bullish sentiments across the market, the global cryptocurrency market cap stood at $2.26 Trillion after a 6.7% positive change. Bitcoin was trading at $47,800, which marked a multi-month high for the coin, and Ethereum was priced at $3400, a level it last touched in the month of January.
Related Reading | Bitcoin Likely To Continue Upward Trajectory, Is $50K Its Next Target?
Dogecoin Price Analysis: Four Hour Chart
Dogecoin eyeing $0.160, after noting an 8% hike. Image Source: DOGE/USD on TradingView
Dogecoin was seen trading within an ascending channel (white), which is considered to be bullish. Over the past week, Doge has surged close to 26%. The meme-coin was further fueled by Elon Musk’s Tweet which spoke of ..
Support the originator by clicking the read the rest link below.
