Dogecoin's Potential Rally: Key Factors and Predictions

Dogecoin is showing signs of a potential rally due to a double bottom chart pattern and increased network activity, including a 102.4% rise in new addresses and a 111.32% surge in active wallets. The critical resistance level at $0.47 is key for confirming a bullish breakout, with transaction volumes remaining robust and market sentiment favoring an upward trend. If Dogecoin can surpass this resistance, it may rally towards $0.50 or higher, supported by strong fundamentals and growing ecosystem engagement.