Despite recent fluctuations in the price of Dogecoin (DOGE), the meme cryptocurrency has found support above $0.37, a key price level where the crypto market's 50-day moving average is stretched. This demonstrates buyers' confidence in DOGE's long-term price potential. Additionally, DOGE has never tested its all-time high of $0.74, unlike Bitcoin which consistently sets new highs. Dogecoin tends to follow Bitcoin's price action and acts as a catch-up player. Some may doubt DOGE's ability to increase its market cap, but if XRP can increase its market cap fivefold in two months, DOGE could see similar growth. While nothing is certain, the support at the 50-day moving average suggests that the bulls have an advantage.



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