Dogecoin Surges Above 8 Cents: Analyst Predicts Strong Bullish Rally

Dogecoin Rebounds from Bearish Performance, Showing Signs of Bullish Pattern

Dogecoin DOGE/USD has managed to bounce back from its bearish weekly performance, with a 1.9% increase in trading on Friday. Analysts predict that if it can maintain a support level above 8 cents, a bullish pattern may emerge. The cryptocurrency, known for its strong social media presence and celebrity endorsements, has recently seen a surge in transactions exceeding $100,000. Data from IntoTheBlock shows an increase from 154 transactions on Wednesday to 173 transactions on Thursday.