Dogecoin’s price movement is consistently noting positive growth, and its future outlook appears quite optimistic. According to analyst Ali Martinez, Dogecoin ($DOGE) is on its way to a parabolic bull run influenced by the activity of both retail and institutional investors.
Ali states that the price trajectory of Dogecoin is looking like a historic breakout, as whales and retailers accumulate the coin.
Source: X
However, the coin is yet to enter the overbought territory, suggesting there is more to come in the coming weeks. In recent weeks, Ali cites that large-scale investors have reportedly stuck to DOGE instead of Bitcoin (BTC).
Technical Analysis Indicates Room for Growth
Looking from a technical standpoint, though DOGE has surged close to 360% from previous lows, momentum indicators suggest it’s yet to precipitate into overbought territory.
For instance, the Money Flow Index (MFI) is at neutral 55.94, hence strong investor interest with the risk of any imminent
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