DOGE Closes In on $0.09 as Crypto Market Continues to Recover
Dogecoin's price is nearing $0.09 as the cryptocurrency market continues to recover from its recent slump. The DOGE price has gained 1.47% in the past 24 hours, trading above $0.0885 and moving closer to the key level of $0.09.
The wider crypto market has seen a surge in buying activity, with total crypto market capitalization reaching $2.88 trillion, its highest level since January. Bitcoin's push above $80,000 is also contributing to Dogecoin's recovery.
DOGE's open interest has risen 3.84% to $1.35 billion, while options activity has jumped sharply with a 427.20% increase in volume and a 416.69% surge in open interest.
Traders are watching for Dogecoin to break above $0.09 and continue its recovery, with the next resistance level at $0.095 and the next major target at $0.10.