Dogecoin’s price is rising, with the potential for a 10% increase in the near term, driven by strong investor confidence and Bitcoin’s rally.
Elon Musk’s project, X, may integrate Dogecoin, potentially boosting its mainstream acceptance and demand.
In recent days, Dogecoin’s price has experienced a notable uptick, with a nearly 25% increase in just one week. It’s trading around the $0.0569 support floor, and rising investor confidence bolsters this upward momentum. The question on everyone’s mind is whether this surge will continue.
Analysts suggest that Dogecoin’s price could rally by another 10% if the current momentum persists. Breaking past the supply zone between $0.0755 and $0.0807 could set the stage for DOGE to reach the $0.0815 resistance level. In a highly bullish scenario, it might climb to $0.0885 and, ultimately, the psychological level of $0.0900, constituting a 30% gain from its current position.
One significant factor driving Dogecoin’s price movements i

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