🐕🚀 How High Can Dogecoin ( $DOGE ) Price Rise in 2024?

🐕 Dogecoin Surges Amid Bull Run
Dogecoin (DOGE) price has surged, fueled by the ongoing crypto bull run and risk-on sentiment. As bullish momentum grows, analysts are exploring how high DOGE could rise in 2024.

📊 Technical Indicators Signal Strength
DOGE recently flipped $0.2280, a key resistance level, into support. The coin is trading above its 50-day and 200-day EMAs, with the ADX at 30, indicating a strong trend. DOGE has also surpassed the 50% Fibonacci Retracement level, with the MVRV indicator pointing upwards. Analysts suggest DOGE could reach $0.7350, its all-time high, a 90% gain, and potentially hit $1, a 156% increase.

⚠️ Support Levels to Watch
The bullish view will be invalidated if DOGE falls below $0.2280, potentially dropping to $0.10, a psychological support level.

🐋 Whales Drive Accumulation
Whales have bought $245 million worth of DOGE in the past week, fueling the price surge. Spot and futures trading volume exceeded $10 billion in 24 hours, surpassing Shiba Inu, Pepe, Bonk, and Floki combined.

🚀 Catalysts Ahead
Elon Musk’s leadership in the Department of Government Efficiency (DOGE) and speculation about a potential DOGE ETF approval in 2025 further boost optimism. Analysts see these factors as key drivers for Dogecoin’s continued rise.