Dogecoin (DOGE) is showing strong signs of rallying higher, forming a double bottom pattern on the daily chart after breaking a long-term downtrend. The memecoin is currently trading above $0.21 and could reach $0.25, paving the way to $0.48, a level not seen since December 2024. Onchain data supports a bullish bias, with futures open interest rising by 67% and spot volumes indicating net buying pressure. Long-term holder sentiment is also shifting towards cautious confidence, hinting at reduced sell pressure and potential capital inflows driving price action.

Read more at Cointelegraph: DOGE Eyes 300% Rally After Bullish Breakout