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DOGEFI Price Surges Above 160% With Huge Influx of Volume!

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Highlights

    Amid the DOGE price surge, DOGEFI price hits highs a couple of times within a week's time.

    The trading volume surged from nowhere to close to $500 million in less than 24 hours

    The upcoming movement would be very interesting as if the similar trend reciprocates, a plunge may be incoming

DOGEFI Price Poised to Form a New ATH?

With the immense popularity of yield farming and well-know sugring asset YFI, a new version called Breeding was invented with the launch of DOGEFI token. DOGEFI is the amalgamation of fundamentals of DOGE and DeFi which may be the next gem in the world of cryptocurrencies.

DOGEFI prcie at the time of writing is $0.568291 with a jump of more than 148.3% in the last 24 hours. The market capitalization als rose nearly 184% hitting above $616k and the trading volume like a monster from $22k to more than $467k in less than 24 hours.

With a low market capitalization, DOGEFI may also hit as high as $10 in the coming days. The more lucrative the DOGEFI price chart may rally when the dogearmy will get on this one to pump the price to new highs. 

DOGEFI Price Analysis

The DOGEFI price maintained a lower trend until the start of February 2021 trending below $0.2. However a major boost surged the price to the utmost higher levels above $1 to hit $1.8 on the first day of this month.

Dogefi price

Woefully, the plunged drastically below $0.2 yet again and maintained for a couple of days before the price surged in the past weekend. 

The less limited supply of the asset of 1 million may be the most lucrative aspect of the project which might hit still more highs in coming days. The trading volume increased enormously nearly 2582.34% in the last 24 hours which led to the massive DOGEFI price rally.

The resistance levels are formed at the current ATH levels at $1.8 and it appears to have heading very strongly towards it. The support levels are formed at $0.43 initially and later at their initial levels below $0.2. Therefore, the DOGEFI price appears to be highly volatile as the price trends with a large margin of more than 100% within a couple of days.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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