Dogecoin’s trading volume surged by 60.1% to $2.5 billion as the cryptocurrency’s price stabilized near the $0.09 mark. This increase in activity comes after Dogecoin’s price declined from October highs of $0.26, reaching a support zone between $0.087 and $0.090. Buyers have stepped in to defend this level, leading to a short-term rebound towards the $0.097–$0.100 range.
The Relative Strength Index (RSI) has improved to 56.8, indicating a shift in momentum towards buyers. Traders are now watching for a potential breakout above the $0.100–$0.104 resistance band, which could pave the way for further gains towards $0.111–$0.14. However, failure to maintain support above $0.088 could see the price retreat to the $0.080–$0.085 zone.
