Dogecoin is experiencing strong bullish momentum, with its price currently at $0.33, reflecting a 4.05% increase in the past 24 hours. The trading volume has surged by 8.5%, supported by substantial exchange outflows totaling $11.5 million.
Technical analysis suggests the formation of a bullish double-bottom pattern. Key support is identified at $0.31, with the potential for Dogecoin's price to rise by 25% to $0.41 if this support level holds.