While $DOGE is showing some breakout potential, investors are not ready to fully embrace it yet
The short-term bull run did not go unnoticed by Billy Markus, co-founder of Dogecoin. He reacted to the price surge with a succinct yet affirmative"Nice." However, despite the rapid price increase and positive reactions from the coin's co-founder, a large portion of the crypto trading community appears to be nonchalant about the upward trend.
The lack of widespread reaction could be due to various factors, such as market volatility or the unpredictability of meme coin movements.is showing signs of struggle to break through a significant resistance level. Despite the bullish activity, DOGE has yet to convincingly breach the 50 Exponential Moving Average resistance level. This resistance has been tested at least three times, with the price forming substantial wicks above it.
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