DOGE Expected to Move Sideways as Long as BTC Is Above $90,000
Dogecoin (DOGE) is up 6.3% this week, trading at $0.3335 and outperforming the broader cryptocurrency market, where Bitcoin (BTC) has gained 3.3% to $98,360. DOGE’s correction found support at $0.3000, although prices briefly dipped as low as $0.2622 before recovering.
The resurgence in DOGE can be attributed to Bitcoin's recovery and its ongoing association with Elon Musk, which continues to bolster investor sentiment. As long as Bitcoin remains above the $90,000 mark, DOGE is likely to maintain support above $0.3000 and could potentially rally further to $0.4000.
However, further upside for DOGE appears limited unless Bitcoin alleviates its extreme overbought conditions.
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