Dogecoin (DOGE) surged 29% to $0.20 following Elon Musk’s latest tweet featuring the Shiba Inu memecoin mascot. The price rebounded from $0.13 to mark a 55% recovery in two weeks, hinting at a positive sentiment. Technical indicators suggest a potential 25% gain with a breakout above $0.216 towards $0.26.

DOGE is forming an Adam and Eve double-bottom pattern, signaling a bullish reversal. A breakout above $0.216 could trigger a move towards $0.26, supported by a key technical confluence zone. Futures data indicates a lower downside risk and a potential short squeeze that could push DOGE to the $0.26 target.

Read more at Cointelegraph: Dogecoin Eyes 25% Boom as Elon Musk Posts DOGE Tweet