Dogecoin's Rally: A Bullish Breakthrough for DOGE Investors Dogecoin enthusiasts are all smiles as the meme-inspired cryptocurrency experiences a
comfortable weekly rally.
The exciting news is that this surge has propelled DOGE above a
key resistance level, setting the stage for a potential macro-bull run.
Breaking Barriers: After briefly dipping to $0.12 on May 1st, Dogecoin swiftly regained its footing, soaring
15% in just seven days.
With a market capitalization of over
$23 billion, as reported by CoinMarketCap, DOGE is making its presence felt.
One possible catalyst behind this upward momentum? None other than Elon Musk, whose mention of DOGE as a Tesla payment option has caused quite a stir.
Despite the positive price action, sentiment around DOGE remains somewhat bearish, as reflected in its Weighted Sentiment and Social Volume fluctuations.
However, crypto analyst Rekt Capital's recent tweet offers hope, suggesting that Dogecoin has broken free from its macro downtrend and is now on an
upward trajectory.
