Dogecoin, a popular memecoin, has experienced a rise in its price, breaking the $0.13 mark following a positive boost from Bitcoin's performance. This rise reflects a trend where BTC owners are diversifying their holdings by investing in DOGE.
The sustainability of this rally is under question as market participants consider whether the memecoin can maintain its upward trajectory or face a potential price reversal.
The sell-off by weak hands in the market could play a pivotal role in determining Dogecoin's future price action.
