At the end of September 2024, the price of Dogecoin (DOGE*) rose significantly by up to 6% due to several strong factors. First, plans were announced to support smart contracts on the Dogecoin network, which enhances the capabilities of the cryptocurrency and makes it more attractive to investors and developers alike. This development could put the coin in competition with other networks such as Ethereum and Solana.
Second, a large accumulation of the coin was observed by âwhalesâ, with over 1.4 billion DOGE units collected in just 48 hours, indicating strong confidence in the continued rise in the price in the near future.
Technically, DOGE managed to break the âfalling wedgeâ pattern, which was indicating a potential bullish reversal. Analysts expect this to lead to a rise of up to 72%, with the price potentially reaching **$0.19**, provided that the crucial resistance level at **0.15 is surpassed Dollar
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