DOGE Founder Liked the Price Movement
The recent minor bullish run in the short term caught the attention of Markus, the founder of DOGE. The prominent figure expressed his "positive" reaction to this rally, essentially approving it. However, the general sentiment in the cryptocurrency sector is that the rally for DOGE has yet to begin. As of now, DOGE is trading at 1.78 TL and a breakout may be imminent.
Although there has been relatively positive price action in DOGE compared to other altcoins, there could be several reasons why the rest of the community remains unresponsive. Market volatility and significant uncertainty in meme coin prices are among the main factors.
Dogecoin Comment
Looking at the technical chart, DOGE certainly indicates that something has changed. DOGE temporarily broke through the 50 EMA resistance level, which it previously struggled to touch, but it has yet to achieve a full close above it. This is a significant signal for DOGE, as this level has been tested at least three times. However, a true breakthrough above the 50 EMA level is still required.
Co-founder Billy Markus also responded with a "positive" reaction to this recent movement, implying that the situation is improving. While Markus previously stated that he wouldn't comment much on price, his comment on a price-focused article now shows how rare such a situation is. Previously, when a similar comment was made in 2022, DOGE experienced a significant rally over the course of a week. This excites DOGE investors and keeps the expectations alive for the price of DOGE.
