🔥 Dogecoin is preparing for a possible breakout: Could DOGE double to $0.322 soon?
● DOGE breaking $0.171 could double its value to $0.322.
● Cryptocurrency Meme surges after SEC approves ETF, but DOGE says no.
● DOGE price may fall to $0.154 unless it closes above $0.175, targeting $0.22.
If Dogecoin (DOGE) can break through the resistance level currently located between $0.166 and $0.171, the potential for significant gains is high. Analysts expect that crossing this critical barrier could push DOGE to its next major resistance at around $0.322, effectively doubling its value from current levels.
This optimistic outlook comes amid a broader recovery in the cryptocurrency market following the SEC's approval of the first Ethereum ETF. This approval has energized the market, leading to notable rises, especially among meme currencies like PEPE, FLOKI, WIF, and BONK. However, despite the overall bullish sentiment, DOGE struggled to keep up the pace, showing a slight 1% decline.
DOGE is currently facing strong resistance, attributed to the large accumulation of approximately 75,000 wallet addresses containing approximately 10 billion DOGE tokens at this level.
