Dogecoin Surges 25%, Eyes $1 Amid Bullish Market Sentiment
DOGE's recent surge follows a period of consolidation, during which whales accumulated significant amounts of the token. This accumulation phase set the stage for the coin's breakout, as it managed to overcome the $0.34 resistance level.
Analysts attribute the renewed interest in DOGE to the broader market's recovery and growing anticipation surrounding Elon Musk’s potential involvement in shaping crypto-friendly policies under Donald Trump’s administration.