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Dogecoin (DOGE) Jumps 12%, Data Shows More Rally Ahead
In a surprising turn of events, Dogecoin (DOGE) has seen a significant surge in recent days, with the price jumping by a staggering 12%. This rapid increase has left many market experts and enthusiasts alike wondering whether we can expect more upside movement from DOGE.
According to recent data, it appears that a positive shift in the regulatory landscape within the U.S. could be playing a major role in driving this upward momentum. Despite no asset manager making a push for this filing, many experts have weighed the possibility of such an event happening.
As a result, DOGE has remained oversold on different timescales and related sentiments around BTC retesting its all-time high can drive positive momentum for the meme coin. In the short term, Dogecoin might reclaim the $0.4 price mark if it flips the $0.35 resistance as support.
While many are skeptical of the cryptocurrency market’s volatility in recent times, this sudden surge has caught the attention of both analysts and investors alike.
Source: u.today
