@herbyhymasgtlvp
Although the trading price of DOGE remains bearish at $0.1242, down 7.45% in 24 hours, the spike in trading volume indicates investors’ confidence in the coin’s long-term performance remains unwavering. Notably, Dogecoin, along with Solana, Ethereum and XRP, recently made price recoveries on the crypto market.
Analysts attribute the surge in trading volume to an anticipated bullish run for DOGE, as a technical indicator signals the coin will soar before mid-August. A renowned crypto analyst hinted at the likelihood of a golden cross in the next 2-3 weeks for an 18,000% rally. An occurrence will see DOGE climb above $23 and translate to a significant profit for holders.
Another contributory factor that could see an upward shift in price for Dogecoin is speculation around Tesla’s boss, Elon Musk. In the broader cryptocurrency space, the entrepreneur’s leanings toward DOGE is an open secret.
For instance, in May, Tesla added DOGE to its list of accepted payment options.
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