Dogecoin (DOGE) is a digital currency from the 'meme-coin' category, launched in December 2013 as a kind of joke, and has turned into a widespread investment phenomenon.
📈 Recent Highlights
• It is trading at around $0.25, with slight fluctuations throughout the day
• It has seen an increase of more than 10% over the past week, driven by the formation of a 'double bottom' pattern that technically indicates potential upward momentum
• This movement has led some analysts to predict a rise to around $0.42 by September, representing an increase of about 80% in the near term
• There are other forecasts indicating a breakout above $0.36 in the upcoming weeks
• Market 'whale' activity is strong, as major wallets added more than 1 billion DOGE in 48 hours, bolstering bullish expectations
• Technical analysis shows additional bullish formations such as 'cup-and-handle' and the entry of indicators like MACD and RSI into positive territory
🔥On the weekly frame, it is still very far from the peak🔥
