Dogecoin Teeters on Major Resistance Level

Dogecoin's price surged by over 26% in the past seven days, reaching a market capitalization of $15.27 billion on Tuesday.

This large-cap dog-themed memecoin has fallen 2.87% over the last 24 hours, trading at $0.0888 as of August 25.

The token's 24-hour futures volume was $2.09 billion, while its Open Interest (OI), the total unsettled futures in the derivatives market, reached $1.45 billion on August 25.

Dogecoin's recent price rally has pushed it to a major year-to-date (YTD) resistance logarithmic trend line, which was last retested in May.