Dogecoin’s Bullish Momentum: Can It Reach $0.50?
Dogecoin (DOGE) regained the $0.40 mark earlier this week and is currently trading at $0.41, reflecting a 3.6% increase over the past 14 days. This sharp increase is driven by new investors capitalizing on the recent Dogecoin price dip, coinciding with favorable reactions to a U.S. inflation report released on Wednesday.
About 60,000 new Dogecoin wallets were created last week, raising the total to 6.86 million. This indicates increased trader interest during price dips, boosting short-term demand. Key resistance is $0.46; a breakout could push Dogecoin toward $0.50, a level not seen in previous gains.