Is Dogecoin Price Ready to Rally Beyond $1 Like XRP?

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Dogecoin price shows strong bullish momentum, signaling potential gains amid market optimism. DOGE rally mirrors XRP’s, fueling $1 target

Dogecoin’s rally showcases strong market momentum fueled by optimism and technical patterns. If the bullish pennant confirms, Dogecoin could break past $1, mirroring XRP’s trajectory. Broader market surges and potential integrations further bolster Dogecoin’s prospects for historic gains.

Will Dogecoin Price Skyrocket Past $1 Like XRP?

Over the past month, Dogecoin’s value has soared by 150%, including significant gains recorded in the last week. The meme coin’s upward trend has rekindled hopes of it approaching its all-time high (ATH) again. 

Dogecoin’s ATH was $0.7376, achieved on May 8, 2021. Analysts are comparing it to XRP’s recent rally past $1, which began near the $0.50 mark and has now pushed the XRP price toward $1.90. This has led to speculation that Dogecoin might replicate XRP’s bullish trajectory.

The price of Dogecoin has risen sharply, marking its highest level in over a week. Market speculation about Elon Musk’s potential plans to incorporate payment features into his social platforms is fueling this surge.

Analyst Predicts $1.3 Dogecoin Breakout

Crypto expert has highlighted a bullish pennant pattern in Dogecoin’s daily chart, signaling potential gains. The expert suggests that DOGE is on the verge of breaking out from the pennant formation soon.

Based on this technical analysis, the measured price target from the pole indicates a possible rally to $1.3. This projection has captured significant attention from market enthusiasts and Dogecoin supporters.

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