Dogecoin (DOGE) Makes a Strong Comeback: Bullish Charts Indicate Fourfold Increase
Dogecoin rose 22% this week, breaking through a prolonged consolidation phase.
Strong signals from RSI, MACD, and EMA indicate that bullish momentum is strengthening.
The price pattern is similar to that of 2021, suggesting a potential rise to $1.
Dogecoin performed strongly this week, increasing by 22.21%, with a trading price of
$0.2416. After several months of consolidation above $0.14, the latest weekly chart formed a bullish engulfing pattern, a strong signal that a trend reversal may be imminent.
Behind the price surge is a spike in trading volume, reaching 269.41 million, the highest level since April of this year. The sudden increase in volume indicates that traders' interest has been reignited.
