The crypto market is recovering, and meme coins like Dogecoin are seeing significant gains. Dogecoin has increased by 5.33% in the past 24 hours and its market cap has reached $61.17 billion. The price action of Dogecoin shows a sideways trend, but there is a potential bullish reversal. Technical indicators support a bullish outlook for Dogecoin, with a possible challenge to the next major resistance at the overhead trendline. If the bullish momentum continues, Dogecoin could reach the $0.50 psychological milestone for a new 52-week high. However, a bearish reversal could lead to a retest of the S2 pivot support level at $0.35.



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