Dogecoin, the Shiba Inu-themed cryptocurrency that took the internet by storm in 2021, has been on a rollercoaster ride in recent weeks. After a week of corrections, DOGE seems to be clawing its way back, and some analysts believe it might be gearing up for a repeat of its past successes.
Technically, things seem to be lining up for a potential surge. The Chaikin Money Flow (CMF) and Relative Strength Index (RSI), indicators used to gauge buying and selling pressure, are both exhibiting positive trends, suggesting an increase in investor confidence.
Additionally, some analysts believe that if DOGE manages to turn bullish, it could face its first resistance level at $0.16, with a potential breakout leading it to $0.17.
source:cryptonews.net
