Dogecoin (DOGE) has a history of tracking Bitcoin (BTC) price, and with the latter forming a fresh all-time high, the meme coin’s breakout is inevitable. Moreover, technical analysis and on-chain data show that if Dogecoin price follows historical patterns, a record high may be formed soon. Here are three reasons that support this bullish thesis and explain why DOGE may be in the early stages of a bull run. Here’s Why Dogecoin Price Breakout is Imminent At press time, Dogecoin price trades at a weekly high of $0.24 with a 7.5% gain in 24 hours. Trading volumes were up by 68% in 24 hours according to data from CoinMarketCap, highlighting high market interest. As the market sentiment turns positive, the three reasons why a breakout to the upside is inevitable include: Dogecoin is in the last stage of its bull cycle Mean Dollar Invested Age surges Spike in Age Consumed… Read More at Coingape.com
The post 3 Reasons Why Dogecoin Price Breakout Is Inevitable appeared first on CoinGape.