“Dogecoin key support level reached!!! Price explosion, 1 dollar is not far away”
Dogecoin (DOGE) has recently encountered strong resistance around 0.34 dollars. Nevertheless, market analyst BALO believes that DOGE has broken through its short-term downtrend, and the possibility of future gains is increasing. The current support level of 0.26 dollars is regarded as 'solid as a rock,' and once it breaks through the key resistance zone of 0.34-0.38 dollars, DOGE is expected to regain upward momentum.
However, breaking through the 0.34-0.38 dollar range remains a challenge. With Trump set to take office on January 20, market attention on gold prices may also drive the rise of Dogecoin, especially under the potential positive impact of the new federal agency 'Department of Government Efficiency' (DOGE) led by Elon Musk, which is expected to make headlines in 2025, providing further impetus for DOGE's potential rise.
If the Bitcoin and altcoin markets rebound in 2025, Dogecoin is also expected to perform outstandingly, possibly even retesting its historical high of 0.70 dollars from 2021, and it may even reach 1 dollar. This target is not out of reach, as Dogecoin's market cap approached 120 billion dollars by the end of 2024, leaving significant room for future growth.
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