DOGE, the widely recognized king of meme coins, is beginning to exhibit signs of a potential resurgence in its bullish momentum after enduring several weeks of bearish pressure. The cryptocurrency has demonstrated an impressive recovery over the past seven days, with its price surging by a significant 16.3%, reaching a peak of $0.115.
This upward movement marks a notable shift in pace for DOGE, which had spent most of the month either falling downward or consolidating.
This recent price recovery has renewed bullish momentum and aligns with a resurgence in crucial on-chain metrics. These metrics, which include increased trading volumes, increased outflow from exchanges, a rise in whale transactions, and a rise in buy orders, collectively indicate that the sentiment surrounding DOGE is again turning
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