Summary
- Dogecoin has rallied over 9% in the last 24 hours, driven by support from Elon Musk.
- The cryptocurrency’s weekly gains are now over 24% and monthly gains at 32%.
- Analysts suggest that Dogecoin’s strongest move typically comes at the end of a cycle after Bitcoin reaches all-time highs.
- Technical indicators like MACD show bullish signals for Dogecoin.