Dogecoin (DOGE) Blasts Higher in Another Nonsense Rally; What’s Next?

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Dogecoin reached another record high on Wednesday for apparently no reason but an ongoing boom across the cryptocurrency market ahead of Coinbase’s direct listing on the Nasdaq Stock Market later in the day. The Dogecoin Rally Brief The DOGE/USD exchange rate climbed to as high as $0.146 ahead of the London opening bell after breaking above a critical technical resistance level of $0.095. The pair’s climbed 54.75 percent to reach the record high at one point in time but later shed a small portion of its gains against a modest profit-taking sentiment. Dogecoin breaks out of its consolidation range. Source: DOGEUSD on TradingView.com The rally appeared alongside a similar boom across Dogecoin’s rival cryptocurrencies. That included Bitcoin, the top digital asset that also surged to a new record high just shy of $65,000. Ethereum — the second-largest cryptocurrency by market capitalization — also climbed to near $2,400, a record high,…

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