[Christian Harris]

Dogecoin, the popular meme cryptocurrency, continued its impressive run on Wednesday, November 13th, surging 2.51% to close at $0.384.

This marks six consecutive days of gains, an unusual streak for cryptocurrencies that often exhibit high volatility.

Given this extended upward trend, a short-term consolidation or minor pullback may be expected in the coming days.

During Wednesday’s trading session, Dogecoin experienced significant price swings, fluctuating 23.46% between a low of $0.352 and a high of $0.435.

Over the past 10 days, the cryptocurrency has risen on nine occasions, resulting in a substantial 152.18% gain over the last two weeks since the US election.

However, the declining trading volume alongside rising prices could be a sign of potential divergence, which may indicate a shift in market sentiment in the near future.

The recent breakout above a strong, long-term uptrend suggests a potential acceleration in the upward momentum.

Any potential retracement is likely to find support at $0.2375, which could provide a second entry opportunity for bullish traders.

Data: FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener, StockInvest

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