Dogecoin

<p>Amid the ongoing altcoin recovery triggered by the recent Bitcoin (BTC) price pump above $62k for the first time in September <a href="https://coinpedia.org/news/bitcoin-hits-61k-as-fed-slashes-interest-rates-by-50-bps-after-four-years/" target="_blank" rel="noreferrer noopener">following the first Fed’s rate cut</a> on Wednesday, leading meme coin, Dogecoin (DOGE) <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noreferrer noopener">has signaled a potential bull up run</a> in the near term.&nbsp;</p>   
<p>Dogecoin, with a fully diluted market valuation of approximately $15 billion and a daily trading volume averaging $706 million, climbed nearly 3% over the past 24 hours, holding steady above 10 cents as of Thursday.</p>   
<h2 class="wp-block-heading" id="h-could-musk-boost-doge">Could Musk Boost DOGE?</h2>   
<p>It’s now clear that Dogecoin bulls are anticipating the coin’s integration into Elon Musk’s X platform, with payment features on the horizon. Musk has already hinted that Dogecoin will soon be used for payments on Tesla and Starlink merchandise, a development that could significantly boost the meme coin’s adoption.</p>   
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<p>According to on-chain data analysis provided by IntoTheBlock, the Dogecoin network processed more than 1.93 million transactions last week, the highest level since July. As a result, the <a href="https://coinpedia.org/beginners-guide/proof-of-work-pow/" target="_blank" rel="noreferrer noopener">Proof-of-Work</a> (PoW) secured blockchain has so far processed more than 350 million transitions since its inception.</p>   
<p>Furthermore, the Dogecoin network takes pride in more than 7.4 million on-chain holders.&nbsp;</p>   
<h2 class="wp-block-heading" id="h-doge-technical-analysis">DOGE Technical Analysis</h2>   
<p>Dogecoin’s price chart reveals a familiar fractal pattern seen during previous bull cycles. On the weekly chart, DOGE has been retesting the 100 SMA as a strong support level, potentially paving the way for a significant rally.</p>   
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<p>Despite a death-cross formation on the daily chart—where the 50-day and 200-day <a href="https://coinpedia.org/traders/what-is-moving-average-indicator/" target="_blank" rel="noreferrer noopener">Moving Averages (MAs)</a> intersect—the price is forming a reversal pattern. With solid support around $0.094 and rising divergence in the <a href="https://coinpedia.org/traders/what-is-relative-strength-index-rsi/" target="_blank" rel="noreferrer noopener">Relative Strength Index (RSI)</a>, technical indicators point to a potential bullish breakout in the near term.</p>   
<p>Also Check Out: <a href="https://coinpedia.org/price-analysis/must-buy-memecoins-for-3x-5x-surge-in-q4/" target="_blank" rel="noreferrer noopener">Must Buy Memecoins For 3X – 5X Surge In Q4!</a></p>   
<p><strong>The future of Dogecoin is looking brighter than ever. We're excited; are you?</strong></p>

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