Dogecoin's daily chart has formed a classic W-bottom structure, breaking through the resistance level of $0.16 with increased volume today. The MACD has crossed bullish and the RSI has risen above the neutral line of 50, confirming the takeover of the bullish trend.

Dogecoin today is definitely not just a simple 'Meme frenzy'—Elon Musk's political moves + technical structure breakthrough + on-chain whale activity have formed a trinity of bullish engines. $DOGE