Today, Dogecoin (DOGE) saw its price increase by more than 5%, currently trading around $0.106. Some analysts suggest that the coin could be ready for an upward breakout if it manages to clear the $0.11 resistance level, while keeping an eye on the Relative Strength Index (RSI) which indicates the coinâs overbought or oversold status. If this indicator crosses the bearish line, it could signal further price increases.
In addition, Dogecoinâs popularity has continued to grow thanks to its adoption as a payment method and support from influential figures such as Elon Musk. With the increased activity in the market, it will remain interesting to monitor the coinâs performance in the coming days.
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