Renowned commodity trader Peter Brandt has shared a chart showing that Dogecoin (DOGE) is breaking out of a downward channel, indicating that the meme cryptocurrency is likely to start rising. Brandt also mentioned that a longer-term chart could be constructive. Following a 4% surge in Bitcoin, DOGE experienced a significant increase of 14.9% over the past 24 hours, reaching a local high of $0.1236. Cryptocurrency analyst Ali Martinez has suggested that if DOGE can maintain its position above the $0.111 level, a further bullish rally to $0.150 could be confirmed. Additionally, Billy Markus, co-creator of DOGE, urged the SEC chairman to acknowledge that the cryptocurrency qualifies as a non-security.



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