尽管前景看好，但 DOGE 似乎正在努力获得动力。
Story Highlights
The popularity of dogecoin (DOGE) has not yet peaked, but in the coming days, this meme coin still has a lot of room for further growth.
If DOGE price breaks above this pattern and closes above $0.38, it could skyrocket 50% to reach the $0.58 level.
Despite the bullish outlook, DOGE seems to be struggling to gain momentum.
After the results of the USA presidential election were announced, dogecoin (DOGE) experienced a crazy surge and gained a lot of attention from traders and investors. However, in the past few days, this meme coin seems to be underperforming. The weak momentum of DOGE's rise has raised doubts among people about whether the DOGE bull market is over and whether the DOGE price will decline.
Experts hold a positive view on dogecoin (DOGE)
Observing the sentiments of traders and investors towards DOGE meme coin, a renowned cryptos expert posted on X (formerly Twitter), hinting to every crypto enthusiast that the current interest in DOGE has not yet reached its peak, just like when it hit its all-time high.
However, as mentioned earlier, with people's growing interest in dogecoin, the meme coin will have greater upward potential in the next few days.
In addition to investors' interest in dogecoin, the bullish price trend and current market sentiment, among other factors, further support the upcoming rise of this meme coin.
DogecoinTechnical analysisAnd key levels
According to CoinPedia's technical analysis, dogecoin has formed a bullish descending triangle and flagpole price action pattern within a four-hour time frame. However, the price has entered a narrow range within this pattern and is ready to break out.
Source: Trading View
Based on historical momentum, if DOGE breaks above this pattern and closes a four-hour candle above $0.38, then this meme coin is likely to surge at least 15% and up to 50%, reaching levels of $0.44 or $0.58, respectively.
As of now, DOGE is trading above the 200 index exponential moving average (EMA) on the daily chart, indicating an upward trend. At the same time, itsRelative Strength Index (RSIsuggests a possible upward rebound in the coming days as the price is close to oversold territory.
Current price momentum
Fueled by a bullish sentiment in the market, dogecoin's trading price is approaching $0.365, with a 2% decline in the past 24 hours. During the same period, its trading volume decreased by 18%, indicating lower participation from traders and investors who may be waiting for a bullish trend breakout.
