๐ Dogecoin Soars 34% in a Week!
Dogecoin (DOGE) surged 34% in just one week after Bit Origin, a Nasdaq company, announced plans to build a DOGE reserve worth $500 million. An initial fund of $15 million has been raised, triggering market speculation and a surge in volume to $6.14 billion.
DOGE successfully broke out from the resistance of $0.25 and the technical pattern of "rising wedge", similar to the formation that triggered a 260% rally at the end of 2024. However, the current RSI is at 94.64, indicating the potential for a short-term correction of 10โ15%.
Disclaimer: Not financial advice. DYOR.
