Dogecoin gained over 29% in the past week, reaching $0.0708, making it one of the top-performing coins in the top 10 by market capitalization.
DOGE’s recent price spikes have raised questions about its sustainability, with prominent analyst Rekt Capital calling it a “moment of truth.”
Rekt Capital highlighted FOMO-driven wicks in the DOGE chart, suggesting the possibility of more capital inflows in the near future.
Dogecoin (DOGE) has seen substantial gains over the past week, rallying over 29% as some alternative cryptocurrencies begin paring their recent increases. As of writing, Dogecoin is up 5.7% to $0.0708, solidifying its position as one of the top-performing coins among the top 10 by market capitalization.
There has been some doubt about the ability of DOGE bulls to maintain this uptrend. However, according to prominent analyst Rekt Capital, the recent price spikes signal a “moment of truth” for the meme-inspired cryptocurrency.
$DOGE has rallied +29% since the Chann
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