Will $DOGE Reach $1 in 2024? - CoinPedia Analytics

DOGE has surged to a 3-year high, breaking $0.31, with an impulsive rally from lows near $0.18. This week’s growth highlights strong bullish momentum, as DOGE approaches price levels not seen since 2021. Social media buzz surrounding Elon Musk and Donald Trump has played a key role in this surge, reaffirming DOGE's sensitivity to high-profile mentions.

Currently, DOGE is trading between critical resistance and support levels at $0.4520 and $0.3754, both important Fibonacci levels. The bullish volume trend has pushed the RSI into overbought territory. If trading volume stays above $16-18 billion, bulls could maintain control, but a pullback is possible if momentum fades.

With the recent Golden Cross of the moving averages, historical patterns suggest DOGE may be primed for a massive rally, echoing its 2021 bull run. If this rally surpasses the key resistance at $0.5, DOGE could potentially reach $1 in 2024. The technical set-up hints at another explosive move in the making.