Dogecoin (DOGE) has been consolidating for the past two months, but with the altcoin gaining positive momentum, investors foresee a breakout.
DOGE has been facing stiff competition, recently being dethroned by Avalanche (AVAX) from the top ten cryptocurrencies by market cap.
Dogecoin (DOGE) has in the past 2 months failed to break out of its consolidation phase. Data shows that DOGE began its upward movement on February 12th but has failed to break out from its pattern.
In February, DOGE gained some positive momentum, this was partly influenced by renewed interest from the world’s richest person, Elon Musk. Elon Musk sparked Dogecoin buzz by liking an old tweet about using it for tuition payments, fueling speculation. Musk’s X platform aims to introduce peer-to-peer payments soon, potentially opening doors for cryptocurrencies, including Dogecoin.
At the time of writing, DOGE has surged by nearly 7% and is trading at $0.08585. The recent gains have seen the world’s most popular m

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