Dogecoin (DOGE) does not stop: Why is it rising?

To what levels can Dogecoin (DOGE), which exploded with the Memecoin craze, rise?

memecoins, which lit the fire as Bitcoin (BTC) started its bull run, attracted attention with their sharp rise. Memecoins, which could not keep up with the trends and remained silent for a long time, finally started to make the expected movement. Dogecoin (DOGE), the leading name among Mememcoins, increased by 58.61 percent in just five days. What are the reasons for the rise of memecoin, which has the wind behind it in terms of both technical and fundamental analysis?

## Memecoin trend triggered Dogecoin (DOGE)!

BTC's uninterrupted rise has fueled the memecoin market in particular. The increase of memecoins in the Solana ecosystem, especially dog coins, did not go unnoticed. Considering dog coins, the biggest increase came from Dogecoin (DOGE) and Bonk (BONK). If the Memecoin trend remains strong, the positive momentum in DOGE can be expected to continue.

Dogecoin (DOGE) is progressing positively from a technical perspective!

Looking at the weekly DOGE chart, it can be seen that the price has been accumulating for a long time. This accumulation process revealed that DOGE could not provide sufficient demand. However, the memecoin craze that came with BTC exceeding $ 60,000 was like a cure for DOGE. Memecoin, which eliminated the selling pressure on it, demonstrated its strength from the technical side by overcoming critical resistance levels in volume.

## Social metrics favor Dogecoin (DOGE)!

Looking at Google Trends data for the last week, Google searches for “dogecoin” have shown a significant increase. Although the metric has shown a downward trend from time to time, its main direction has been upward. For example, on February 29, DOGE searches peaked at 100 points.

This development reveals that DOGE is being researched more, and that news, developments and various other content about DOGE are in greater demand. DOGE, which has gained good momentum not only as a cryptocurrency but also in terms of social metrics, seems to make a name for itself in the coming days.

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