- Dogecoin’s volume surge suggests rising interest but faces resistance at $0.113.
- Toncoin’s breakout potential lies above $5.31, supported by a 70.72% volume rise.
- Both DOGE and TON show bullish momentum but face short-term resistance challenges.
Dogecoin (DOGE) has shown a slight upward movement, gaining attention from investors with its recent 2.05% increase. Currently priced at $0.1133, this popular cryptocurrency may be signaling a potential buying opportunity. The rise in Dogecoin’s value has coincided with similar trends observed in Toncoin (TON), sparking comparisons between the two assets and raising questions about future price movements.
Support and Resistance Levels Key to Dogecoin’s Next Move
As Dogecoin climbs, the $0.110 support level has proven crucial, with the price repeatedly bouncing off this zone. This provides a solid foundation for DOGE, preventing further decline and maintaining trader confidence. If the price retests this support, buyers may find new entry points.
Conversely, the current resistance zone near $0.113 is a pivotal point. Dogecoin is testing this level, and a clear break above it could unloc…
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Source: https://coinedition.com/dogecoin-mirrors-toncoins-price-action-breakout-ahead/