Dogecoin Surges 17% After Listing on Coinbase, LBC Exchanges

Summary:

Dogecoin has surged 17% on the day, after it was listed on Coinbase exchange and Localbitcoins, extending its winning run to 3 days.

Dogecoin is well into the 3rd day of solid gains after news of its listing in Coinbase hit the newswires this Wednesday morning.

The DOGE/USDT pair is up 17.4% as of writing, as Dogecoin debuted on Coinbase on 1 June. However, the actual trading of Dogecoin on Coinbase commences 3 June, when it trades against the USD, Euro, Bitcoin, Tether, and the British Pound.

Dogecoin is also set to make its debut on peer-to-peer exchange Localbitcoins. The exchange seeks to expand beyond its traditional BTC exchange offering and will list Dogecoin among several other altcoins such as Cardano, Tether, and Bitcoin Cash.

Technical Levels to Watch

The breakout move from the falling wedge is well and truly on, but it has met some resistance at the price wall found between 0.28 and 0.40. A break above this level sets Dogecoin free to aim for the 0.49 resistance formed by the 50% Fibonacci retracement level. Above this level, a previous resistance at 0.55 comes into the picture.

On the flip side, a rejection at the 0.28/0.40 resistance zone allows for a pullback, which retests the strength of the 0.35 price mark as new support. If this level fails to hold, then 0.30 (31 May low) comes into the picture.