Dogecoin (#DOGE ) has renewed its monthly rise and given the green light for a new rally.
Crypto analyst Alan stated that Dogecoin ($DOGE ) has maintained its all-time high price. The popular memecoin, which exploded with Donald Trump's gains in the US presidential elections, has increased by 300 percent in the last month. Elon Musk, who supports Trump, played a critical role in the rise by sharing social media posts about DOGE.
Dogecoin (DOGE) may be at a new rally level
Dogecoin's previous high level has risen rapidly, breaking its monthly average price. In the first major rise, Dogecoin increased by 1000 percent from $ 0.0172 to 0.1892 in eight months. DOGE, which shook the market in this process, has made a great reputation.
It is predicted that this past trend can provide similar growth once again. Experienced traders think that there may be a similar rise in the price of DOGE in the next 4 to 8 months. It is estimated that Dogecoin could reach mid-2025 to 24. This price target seems quite high at the moment. Some DOGE investors think that this target can be reached within 2025.
According to IntoTheBlock systems, Dogecoin recorded highs and highs in large time intervals. In the last 24 hours, 6.13 thousand large transactions were made. Although the data in question is at the same level as a week ago, there is a significant increase in the transaction volume. This increase shows that the big players in the market (institutional or whales) are more active.
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