Global #Dogecoin

Dogecoin emerged as one of the top-performing assets in the cryptocurrency market over the past month, surpassing major cryptocurrencies like Bitcoin in terms of gains. CoinGecko data indicates that the price of the meme coin surged by over 26%, while Bitcoin saw a comparatively lower increase of around 19% throughout May.

As Dogecoin struggles around its 21 and 50-day moving averages, investors are turning their attention to a new alternative called Dogeverse (DV) in hopes of significant returns.

Pepe, the meme coin, has witnessed a remarkable surge in trading volume, skyrocketing by 216% since the beginning of the month. Despite a recent dip from its new all-time highs on May 27th, its current trading volume stands at $2.47 billion over the past 24 hours.

The past week has seen a decline in the demand for Dogecoin (DOGE), as indicated by on-chain data. This drop in activity within DOGE's network has led to its price stabilizing within a narrow range, forming what's known as a horizontal channel.

DOGE has seen a marginal uptick of 0.2% in the last 24 hours, reaching $0.1652, amidst a 0.5% overall increase in the crypto market today.

Crypto analyst Ali Martinez has been examining technical indicators in Dogecoin (DOGE) and VeChain (VET), suggesting potential signs of a price upswing. Martinez notes that DOGE has faced significant resistance, keeping its price range narrow.