Doge interest among future traders is ramping up amid the price ‘breaking out’ to its highest in 34 days.
Traders are ramping up their positions on Dogecoin as its price "breaks out," reaching its highest monthly level on July 20. However, not all are convinced that the bullish pattern is confirmed just yet.
“DOGE is breaking out and looks primed for an aggressive up move,” pseudonymous crypto trader Shelby wrote in a July 20 X post. They reiterated that Doge’s price breaking out has previously been “a catalyst” for other altcoins to follow, including Floki (FLOKI) and Shiba Inu (SHIB), which have increased 37% and 3.89% respectively, according to CoinMarketCap data.
Meanwhile crypto trading accounts Cheds and CryptoBoss pointed to the “nice base break” on Dogecoin’s price, claiming that it is “breaking out.” DOGE is currently trading at $0.1336, up 18.82% over the past seven days.
