Dogecoin finds itself at a crucial price level following a broader market surge driven by the Federal Reserve’s announcement of a 50 bps interest rate cut.
Technical indicators, including the Relative Strength Index (RSI), are beginning to signal a bullish outlook, suggesting that momentum may be building.
Analysts believe that if DOGE can successfully break past the $0.11 mark, it could see a rapid 30% surge in the coming weeks.
The next few days will be crucial for determining whether Dogecoin can continue its upward trajectory or face another round of consolidation.