đ Dogecoin ( $DOGE ) Bull Run Over? Data Points to 50% Rally Ahead
đ Post-Election Rally & Current Sentiment
After the U.S. Presidential election, Dogecoin (DOGE) saw a massive surge, gaining widespread attention. However, in recent days, DOGE has shown signs of weakness, sparking concerns about whether its bull run is over.
đ Expertâs Bullish Outlook
A prominent crypto expert on X hinted that DOGE hasnât reached peak popularity yet, unlike during its all-time high. With growing interest, the meme coin has room to soar. Investorsâ sentiment and positive market conditions indicate potential for an extended rally.
đ Technical Analysis & Key Levels
CoinPediaâs analysis shows DOGE forming a bullish descending triangle and flag pattern on the 4-hour chart. The price is nearing a breakout zone. If DOGE closes above $0.38, it could rally between 15% and 50%, aiming for $0.44 to $0.58 levels.
đ Current Momentum & Indicators
DOGE remains above the 200 EMA on the daily chart, suggesting an uptrend. The RSI indicates a potential rally, as it nears oversold territory. Currently, DOGE is trading at $0.365, down 2% in the last 24 hours. Its trading volume also dropped by 18%, reflecting cautious trader participation as they await a breakout.
