Dogecoin may be poised for a breakout as Elon Musk’s continued influence keeps DOGE in the spotlight, often triggering price surges.
The positive sentiment in the broader crypto market, especially among meme coins, provides additional momentum.
From a technical standpoint, indicators like the Relative Strength Index (RSI) easing from overbought conditions and price stabilization around key moving averages point to a potential bull run.
If these trends hold, Dogecoin could be on the brink of another uptrend.
Ryan Lee, Chief Analyst at Bitget Research
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