'Dogecoin Is Back' With A 10% Single-Day Rally: How High Can DOGE Go?

Dogecoin DOGE/USD is making waves again, with a notable 10% rally over the past 24 hours spurring bullish predictions on social media.

What Happened: Crypto trader Scofield declared Dogecoin "is back" and stronger than before.

$DOGE Is back

Stronger than before🚀 pic.twitter.com/99m2ypMu8Y

— Scofield (@Crypto_Scofield) December 11, 2024

Daan Crypto Trades observed that DOGE is trading between two major weekly levels from its 2021 run. He emphasized the importance of the $0.35–$0.45 range, with DOGE finding strong support near $0.38.

He predicts a successful retest of $0.45 will likely lead to a breakout.

Taking a cautious stance, Master Kenobi forecasted a red weekly close followed by two green weeks and a major price pump starting around Dec. 30.

Also Read: Dogecoin Drops 14%, Shiba Inu Sinks 17%: What’s Behind The Decline?

Why It Matters: Dogecoin is once again leading trading volumes in the cryptocurrency market, signaling strong investor interest.

Cryptocurrency Inside indicates DOGE tops the charts for trading volume, with $9.52 billion in 24-hour volume outpacing that of Pepe PEPE/USD at $6.58 billion and Shiba Inu SHIB/USD at $2.24 billion.

Coinglass data reports $17.9 million liquidations in the past 24 hours as open interest spiked by 5.6% to $3.3 billion.

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