DOGE Price Eyes $5 Breakout as EU Expansion Bolsters Mainstream Adoption
Dogecoin's price is showing signs of a potential breakout to $5 after forming a weekly double-bottom pattern, according to crypto analyst Trader Tardigrade.
The formation indicates buyer support and a possible reversal for the DOGE price if its neckline breaks at $0.40.
Meanwhile, Robinhood's expansion into the European Union has provided regulated access to Dogecoin, potentially boosting liquidity, market visibility, and mainstream adoption.