🚀 Dogecoin ($DOGE ): Is it Poised for the Next Moonshot?
Hey Binance Square fam! Let’s talk Dogecoin – the meme coin with real potential.
1. Bullish Signals Flashing
Recent technical setups like double-bottom and cup-and-handle patterns are stirring attention. For instance, $DOGE recently jumped more than 7%, backed by these formations and exciting news like Elon Musk hinting at $DOGE payment on X, plus the GENIUS Act giving the market a boost.
2. Momentum in the Ecosystem
Active addresses on the DOGE network surged roughly 400%, topping around 390,000–a big jump in engagement. Meanwhile, in the background, large holders quietly scooped up 140 million DOGE in the last week, laying foundations for a possible breakout.
3. Eyes on the Price Levels
Current support hovers near $0.27, and some optimistic voices are pointing to $0.32, $0.41, or even $0.70 as potential next targets if momentum holds. Keep an eye on the key resistance zones like $0.32–$0.35 as potential turning points.
4. Forward-Looking Outlook
If the bullish sentiment continues, some are even speculating DOGE could reach $1 next month—an eyebrow-raising call, but not without precedent in this volatile space.