Dogecoin (DOGE) Price on the Cusp of a Bullish Liftoff Amid Meme Coins Frenzy
Dogecoin (DOGE), the flagship meme coin secured by the legendary proof-of-work (PoW) consensus method, has been gathering bullish momentum after a successful retest of the macro uptrend breakout.
The large-cap meme coin, backed by tech billionaire Elon Musk and over 7.3 million holders, has been forming a similar fractal breakout as the prior macro bull cycles.
Worth noting that most of the meme coins – led by Floki Inu (FLOKI), and Pepe (PEPE) – have experienced a notable bullish uptrend in the past two weeks.
However, Dogecoin’s price against the US dollar has been approaching the apex of an ascending triangle with a mild resistance of around $0.17.
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Dogecoin (DOGE), the flagship meme coin secured by the legendary proof-of-work (PoW) consensus method, has been gathering bullish momentum after a successful retest of the macro uptrend breakout.
The large-cap meme coin, backed by tech billionaire Elon Musk and over 7.3 million holders, has been forming a similar fractal breakout as the prior macro bull cycles.
Worth noting that most of the meme coins – led by Floki Inu (FLOKI), and Pepe (PEPE) – have experienced a notable bullish uptrend in the past two weeks.
However, Dogecoin’s price against the US dollar has been approaching the apex of an ascending triangle with a mild resistance of around $0.17.