An analyst sees signs of a possible rebound for Dogecoin, and several sources support this perspective with technical analysis and price projections.
DOGE has been in a descending triangle since its recent upward trend, and this consolidation is expected to end soon with a breakout to the upside.
Dogecoin is a "memecoin," and ongoing development and potential adoption for everyday transactions and tips could increase its demand.
In summary, while there are technical signals and factors suggesting a possible rebound for Dogecoin, it is important to consider the volatile nature of the asset and the risks associated with its "memecoin" status and unlimited supply
