Dogecoin (CRYPTO: DOGE) traded 1.2% higher at $0.20 over 24 hours leading up to the early hours of Thursday.

What’s Moving? The Shiba Inu-themed coin fell 3.27% for the week. Against Bitcoin (CRYPTO: BTC), DOGE traded 1.77% lower and against Ethereum (CRYPTO: ETH) fell 6.09% over 24 hours.

DOGE’s year-to-date gains stand at 3,395.32%.

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Why Is It Moving? The meme-themed coin moved in sync with major cryptocurrencies in a 24 hour period as the global cryptocurrency market cap rose 3.42% to $1.61 trillion.

DOGE has been hovering around the 20 cent mark since July 21 and this remains a key level, as per Benzinga’s Melanie Schaffer.

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Schaffer noted that if DOGE can maintain support at the 20 cent mark, it has headway to move up towards the 23-cent level. However, below 19 cents, the meme cryptocurrency could find its way to the 16-cent mark.

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