Dogecoin has experienced a 25% increase in the last two weeks, reaching an all-time high of $0.24, amidst a broader crypto market uptrend.
Analysts indicate possible short-term downside risks for Dogecoin, with concerns rising due to weakening market sentiment and potential decline towards $0.20.
Historical data shows that spikes in retail futures trading often precede local price tops in Dogecoin, indicating a pattern that could lead to corrections.
On a bullish note, Dogecoin has broken out from a falling wedge pattern, suggesting a potential rally towards $1 in the current trading cycle according to crypto analyst Anup Dhungana.