Dogecoin Shoots Up 9% Amid Bullish Forecasts For The Good Boy: Breaking This Level Will Be ‘A Major Milestone’
The world’s biggest memecoin by market capitalization Dogecoin (CRYPTO: DOGE) rallied sharply Thursday, drawing bullish forecasts from influential cryptocurrency analysts.
What Happened: The original meme currency was up nearly 9%, emerging as one of the market’s biggest gainers in the last 24 hours. DOGE was also the most traded memecoin in the last 24 hours, with volumes surging 109% to $1.4 billion.
Popular cryptocurrency analyst Ali Martinez highlighted DOGE’s price and Relative Strength Index (RSI) breakout from a multi-month downtrend, underscoring the coin’s strength.
The researcher also spotted a buy signal from the Super Trend indicator. For the uninitiated, it’s a popular technical analysis tool used for identifying market trends and potential entry and exit points in trading.
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