Swissblock analysts believe that Dogecoin (DOGE) may be approaching a turning point after five months of decline, citing its proprietary Impulse indicator's bullish signal as the basis. The increasing correlation between DOGE and Bitcoin also strengthens this outlook, as Bitcoin has recently shown signs of recovery. Swissblock's Henrik Zeberg uses Elliott Wave Theory to suggest that DOGE is currently in the corrective phase of the fourth wave, with a possible final "last dance" fifth wave rebound in the future, but such predictions are for reference only. DOGE is currently trading at approximately $0.09410.

DOGE-3.65%
BTC-2.87%
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