During the Saturday trading session, Dogecoin experienced a notable price surge of 5.5%, reaching $0.144. This increase has outperformed the general market recovery, indicating a significant interest in the cryptocurrency.
The surge was driven by renewed investor excitement after Elon Musk gave a ‘D.O.G.E.’ shoutout at a Trump campaign event. This mention has been significant enough to energize the market.
The rising price marked a bullish breakout from a 4-month consolidation pattern, signaling potential continued momentum. Dogecoin's strong performance could lead to further price increases as investors remain optimistic.
