Dogecoin (DOGE) at $1? Here's why merchants see it there.
Numerous top-tier traders are eyeing the $1 mark for Dogecoin. However, the question arises: why? Some say it's just a matter of time, and big traders like Tree of Alpha hint that those who don't buy DOGE at 7 cents or 16 cents might regret it when it hits $1.
Currently, DOGE is around $0.17. That's a nice jump from where I was a while ago. The chart shows us that DOGE has been dancing above the support level near $0.11, which acts as a safety net for the asset at the moment. If it holds above this line, it could be in a solid position to move higher.
The resistance level? That's about $0.18. A breakthrough above it would potentially mean an acceleration of the current rally. And if so, the next stop could be the much talked about dollar. But $DOGE has a few steps to climb before it gets there, including important psychological levels like $0.5, $0.75, etc.
