DOGE News: Potential Bullish Sentiment Signaled for Dogecoin Amid Renewed Interest in Bitcoin

Dogecoin Price Today: Is DOGE Ready for a Major Breakout?

Bitcoin (BTC) price has attempted to regain bullish sentiment following a surge in renewed interest from whale investors. As a result, Dogecoin (DOGE) price, which has a 0.79 out of 1 price correlation with Bitcoin, has signaled a potential bullish sentiment in the coming weeks. The dog-themed memecoin, with a fully diluted valuation of about $29.3 billion and a 24-hour average traded volume of around $1.79 billion, has surged more than 12 percent in the past seven days to trade about $0.1974 on Thursday, March 27.

DOGE’s SuperTrend Flips Bullish Amid Musk’s Cryptic Tweet

The SuperTrend indicator for DOGE signals a potential bullish shift if it breaks the $0.21 resistance level. Traders are closely monitoring this level for a buy signal, despite ongoing market volatility. Elon Musk’s recent "Lion King" meme has sparked Optimism among DOGE holders, fueling speculation about its rising importance and hinting at Musk’s current focus on the meme coin. Additionally, institutional interest in DOGE has surged with the launch of Grayscale’s fund, and MACD breakout signals have traders targeting a $1 price goal. OG meme coin Doge is back in the spotlight, with the SuperTrend indicator flashing signs of a bullish phase.

Dogecoin Price Prediction - What’s Next For DOGE?

The crypto market is poised for a major rebound in the second quarter, and Dogecoin appears set to be among the top performers. With a 30% bounce-back since its March 11th bottom, Dogecoin is extremely close to a bullish monthly and quarterly close above $0.207. Top analysts warn that staying underexposed to the leading meme coin could mean leaving serious gains on the table. Prominent analyst Ali Martinez has leveraged the popular Super Trend Indicator to forecast Dogecoin’s next move, suggesting that DOGE is set to enter a bullish phase.