Dogecoin (DOGE) may be on the verge of its next uptrend, according to market analysts. The cryptocurrency has eased from its previous overbought levels, with the Relative Strength Index (RSI) returning to a neutral position, suggesting a potential upward move. If DOGE continues on its current trajectory, it could target the critical $0.5 resistance level, opening the possibility for further gains. Recent data also shows increased network activity among dormant wallets and large stakeholder movements, aligning with the early stages of bullish cycles for cryptocurrencies. Analysts predict DOGE could reach $3 during the current bull run and potentially rise as high as $18 in the long term. Despite a recent dip, DOGE has ample room for upside, especially with the $0.5 resistance level in sight.



Other News from Today