Dogecoin Surges Over 8%, Weekly Candle Closes Above Key EMA

Dogecoin has recently demonstrated both technical recovery and ongoing volatility, drawing strong attention from traders. After reclaiming the 100 Exponential Moving Average on the weekly chart, Dogecoin signaled a potential bullish reversal, supported by increased trading volume, whale accumulation, and growing on-chain activity. However, short-term price action revealed a consolidation phase within a bull flag pattern, with the potential for an upward breakout toward $0.22 if resistance is surpassed, though caution is warranted if prices drop below key support levels. Despite some daily losses and a minor weekly decline, Dogecoin has maintained a modest monthly gain and a notable annual increase, reflecting resilience amid market fluctuations. Overall, while technical indicators suggest possible upward momentum, investors remain wary of bearish risks and continue to monitor critical price points for further direction.