Dogecoin Market Trends and Outlook$DOGE

Dogecoin support remains strong as Elon Musk and programs like the Department of Government Efficiency ( DOGE ) continue to attract interest. After a five-week rally, Dogecoin briefly touched $0.43 , suggesting potential resistance.

However, its Relative Strength Index (RSI) suggests bearish divergence, indicating potential short-term corrections. Despite this, Dogecoin’s total value remains high at $55 billion , reaching a three-year high.

Adding to the positive sentiment, a lawsuit accusing Elon Musk of manipulating Dogecoin’s price was recently dismissed. Investors Drop Appeals After Courts Reject $258 Billion in Damage Claims, Clearing Cloud of Uncertainty Around DOGE.$CLV $DYM