🚀 Post-Election Rally & Current Sentiment
After the U.S. Presidential election, Dogecoin (DOGE) saw a massive surge, gaining widespread attention. However, in recent days, DOGE has shown signs of weakness, sparking concerns about whether its bull run is over.
📊 Expert’s Bullish Outlook
A prominent crypto expert on X hinted that DOGE hasn’t reached peak popularity yet, unlike during its all-time high. With growing interest, the meme coin has room to soar. Investors’ sentiment and positive market conditions indicate potential for an extended rally.
📈 Technical Analysis & Key Levels
CoinPedia’s analysis shows DOGE forming a bullish descending triangle and flag pattern on the 4-hour chart. The price is nearing a breakout zone. If DOGE closes above $0.38, it could rally between 15% and 50%, aiming for $0.44 to $0.58 levels.
📉 Current Momentum & Indicators
DOGE remains above the 200 EMA on the daily chart, suggesting an uptrend. The RSI indicates a potential rally, as it nears oversold territory. Currently, DOGE is trading at $0.365, down 2% in the last 24 hours. Its trading volume also dropped by 18%, reflecting cautious trader participation as they await a breakout.
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