DOGE

Dogecoin (DOGE) has achieved a remarkable milestone, with its market capitalization now exceeding $62 billion.

Dogecoin has shown a parabolic surge, rebounding strongly from a price of less than $0.10 in October, and its current trading price is about $0.42.

Key price levels to watch during trading include the direct resistance levels of $0.45 and $0.50. If it can successfully break through these resistance levels, then, supported by its continuously growing market cap and strong network activity, Dogecoin is very likely to challenge the target price of $0.60 or even higher before mid-December.

On the downside, if Dogecoin fails to maintain the support level of $0.40, it may trigger a price retracement to $0.35, especially in cases where trading volume declines and the number of active addresses decreases, which would further exacerbate this retracement risk.