Dogecoin (DOGE) Bull Run Over? Data Points to 50% Rally Ahead

Dogecoin Bull Run Analysis

Following the US Presidential election results, Dogecoin (DOGE) surged in popularity and value. However, recent weakness has raised concerns about the continuation of its rally.

Expert Bullish Outlook

A prominent crypto expert believes the current interest in DOGE is not yet at its peak.

Technical Analysis

CoinPedia's analysis indicates that DOGE has formed a bullish descending triangle and flag-and-pole pattern.

If DOGE breaks out of the pattern and closes above $0.38, it could rally by 15-50%, reaching $0.44 or $0.58.

Market Conditions

DOGE is trading above its 200-day EMA, suggesting an uptrend. Its RSI indicates a potential rally.

Current Momentum

DOGE is trading near $0.365 with a 2% decline in the past 24 hours. Trading volume has dropped by 18%, suggesting traders may be waiting for a breakout.