Dogecoin Surges as Analysts Eye $0.093 Resistance Level

Dogecoin (DOGE) has maintained its upward momentum in recent days, and analysts believe that it may be on track to reach a key resistance level. The cryptocurrency's open interest hit $1.26 billion, with some speculating that this could propel the price towards the $0.093 target.

The DOGE/USDT 4-hour chart shows a rising formation, with the price currently trading at around $0.0848. According to an analyst, this trend suggests that the next big resistance level is around $0.093, which could be reached if the price continues to move upwards.

Meanwhile, the crypto market as a whole has seen a 1.32% gain in the past day, with the total market cap reaching $2.65 trillion. However, traders are advised to exercise caution ahead of two upcoming events: tomorrow's vote on the CLARITY Act and Wednesday's FOMC decision.