Originally published on: October 15, 2024
Witness the surge in Dogecoin’s price as it climbs to $0.1133, aligning with the crypto market and breaking records on Wall Street. What’s driving this remarkable rally? From signs of peace in the Middle East to optimistic S&P 500 earnings and an electoral vow from Kamala Harris for clear crypto regulations in the US, the market is brimming with excitement.
Across the past 24 hours, Dogecoin has seen a 4.5% rise to hit $0.116 on Oct. 15, mirroring a broader market rally fueled by easing tensions in the Middle East and positive Wall Street forecasts. With the S&P 500 index soaring to new heights and investors eyeing potential upticks in third-quarter earnings, the future looks bright.
As Bloomberg Intelligence data points to a rise in S&P 500 earnings despite lowered forecasts, Dogecoin basks in this atmosphere of market optimism. Moreover, Harris’ supportive stance on cryptocurrency regulations has added to the fervor, promising a balanced and protective approach under her potential administration.
Furthermore, continuing a rebound from a recent low, Dogecoin is eyeing a bullish breakthrough. Set to surpass its 200-day EMA at $0.116, it aims to touch the upper trendline and the 0.382 Fibonacci retracement level at $0.141. However, any retreat from this threshold may signal a shift towards the lower trendline at $0.109.
Join the crypto adventure and explore the highs and lows of Dogecoin’s price surge today. Stay informed, stay ahead!
