Dogecoin (DOGE) has had a strong bounce with a 16% increase in 24 hours, reaching a multi-week peak near $0.4. 🐕 After a correction in mid-December, DOGE recovered from $0.26 to $0.35 but still fluctuated in the range of $0.31-$0.34. However, the situation has changed as "whales" accumulated more DOGE, pushing the price above the resistance level of $0.34.

Analysts are optimistic with a target of $1 for DOGE, although it needs to more than double its current value. Upcoming events such as Trump's inauguration and Musk's role could influence the trend of DOGE in the coming weeks. 🚀