From the latest developments; Bitcoin of America announced that it has added Dogecoin to its ATMs by stating from their own twitter addresses. Earlier, it announced that it added the largest cryptocurrency, Ethereum, in October 2021.
With Bitcoin of America holding more than 1,800 BTMs in 31 states, we can see that this news has a positive effect on the price for Dogecoin.
According to CoinMarketCap data, the price of Dogecoin has increased by more than 10% in the last 24 hours. The impact of positive news on the market as a whole, as well as technical factors, over the last 24 hours may have helped.
Also on March 23, Voyager, a commission-free cryptocurrency trading software, launched support for Dogecoin, allowing consumers to trade and receive DOGE.
From a technical point of view, when we look at it logarithmically, it has formed a wedge structure by getting a reaction from a new peak after an increasing trend from March 28, 2021 in the long-term range.
Currently, the price continues to move in a certain range region by getting a reaction from the $0.11 region with the effect of the decrease.
With the break of the $0.19 and $0.20 region of the important level here, the upper target levels can be followed by taking the first step of the uptrend and holding on to this region. Otherwise, the structure may break down and the support area will be lost and retreats to lower support levels may occur.
With the continuation of technical factors and positive news, it may help us to see the positive effects on the price in the future.