Dogecoin has surged more than 35% in the past week, reaching a price of $0.232 amid renewed strength.
Analysts predict that a breakout above $0.24 could propel DOGE to $0.40 or even $0.48, with key resistance levels being monitored.
Market watchers foresee bullish trends, citing technical patterns like an inverse head-and-shoulders formation and a cup-shaped price pattern.
Increased network activity, rising interest from long-term holders, and the potential approval of a Dogecoin ETF indicate a positive outlook for Dogecoin's future.