#DOGE
Dogecoin is growing rapidly! In a few days, it rose by 16%, the target of $ 1 has again caused lively discussions!
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After a sharp correction, Dogecoin (DOGE) is experiencing rapid growth again, exceeding $ 0.39, reaching new highs in a few weeks. Analysts believe that $ 1 could be a potential target of the current bull cycle.
Trump's victory caused the rapid growth of Dogecoin:
Since Donald Trump won the US elections in early November, the growth of Dogecoin has accelerated sharply. With Elon Musk soon taking an important position in the new government and continuing to support this largest meme cryptocurrency, the price of DOGE has increased by almost three digits in a few weeks, reaching a peak of around $ 0.5. However, with the change in market sentiment, Dogecoin underwent a significant correction in mid-December, the price fell from $0.41 to $0.26.
Strong rebound after correction:
After a significant drop, Dogecoin quickly rebounded to $0.35, although the price could not hold at this level later, Dogecoin fluctuated between $0.31 and $0.34. Recently, the market situation has changed, whales actively accumulated DOGE during the correction, which gave impetus to the recovery of Dogecoin.
Recent rapid growth has set new records:
Over the past few days, DOGE has experienced a strong growth, with a daily increase of 16%, overcoming the key resistance level of $0.34, and the price is now steadily rising to $0.39. Dogecoin has grown by 25% in a week. With the rise in market sentiment, analysts have started to raise their price forecasts, although $1 has not yet been reached, but $1 still remains their long-term target. With active whale accumulation and renewed confidence in the market, Dogecoin may continue to grow in the future. If DOGE can maintain its current momentum, the $1 target will no longer be out of reach.