$DOGE Dogecoin (DOGE) is making waves again, now trading at $0.4589, up 6% in the past 24 hours and an unbelievable 142% this month. The rally has been fueled by its 11th-anniversary buzz and increased institutional interest, like Valour’s DOGE ETP launch in the Nordics.
DOGE recently smashed through the $0.40 resistance, which is now acting as support. The next major target is $0.50, a level that traders are watching closely for a breakout. If it holds momentum, we could see a new leg up.
However, technical indicators like the Ichimoku Cloud are hinting at potential turbulence. DOGE is trading above the cloud, signaling bullish sentiment, but with mixed ADX signals, there’s a chance for short-term pullbacks. The market feels exciting but volatile so trade carefully.
What’s your call, will DOGE push past $0.50, or is it time for consolidation? Do your DD and share your thoughts below 👇