Dogecoin has shown a bullish signal on the daily chart, indicating a potential more than 100% upswing in the coming weeks.
Despite experiencing a drop in momentum, volume, and volatility, the recent breakout in Dogecoin reflects increasing dominance of the bulls in the market.
Analysts are optimistic about Dogecoin's future growth, with Americans planning to invest in it after Bitcoin and Ethereum, as per a consumer report by Security.org.
Technical analysis indicates that Dogecoin's price may see an upsurge towards $0.25, but reaching $1 remains a challenging task.