Dogecoin Charts New All-Time High Above Long-Term Trend Line

Despite recent volatility, Dogecoin (DOGE) continues to show strength above its long-term trendline, demonstrating potential for continued market growth. Analysis reveals a sustained upward trend that started in 2015, providing structural support even through significant price fluctuations. The current price at $0.1742 marks a 6.5% daily gain and holds strong with support at the same level and resistance near $0.1883. This positive development comes as analysts attribute this surge to expanding decentralized finance (DeFi) applications and growing institutional investment.