🚀 Dogecoin’s Rollercoaster: What’s Driving the Recent Rally?
Looking back, Dogecoin ($DOGE ) has seen several sharp spikes over the past three years:
🔹️Oct 2023: +28% in 48h during a meme coin resurgence.
🔹️Mar 2024: +32% in two days around Bitcoin halving, eventually gaining 60% over two weeks.
🔹️Nov 2024: +27% after the U.S. elections, tripling from pre-rally levels over three weeks.
Strong catalysts + high volume = rallies lasting 1–3 weeks. Purely technical moves often fade within a week.🧐
Right now, DOGE’s rally is partly fueled by new 2x leveraged ETFs, which amplify buying when the price rises. 📈📈
But caution is warranted — whales selling, ETF unwinds, macro shifts, or Bitcoin weakness could quickly reverse momentum.📉
Personally, it’s exciting to see meme coins making a comeback — there’s something fun about this corner of crypto that still captures imagination. 😄
💬 Are you watching $DOGE or sitting on the sidelines?
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