Dogecoin Shows Breakout Potential as First ETF Approaches Launch

Recent technical signals suggest that Dogecoin ($DOGE) is poised for a potential price breakthrough. The daily Relative Strength Index (RSI) has broken out of its downtrend, and the price is currently trading above a descending trendline, signaling renewed bullish momentum. Analysts are attributing this rise to expanding decentralized finance (DeFi) applications and increased institutional interest in the cryptocurrency.