Dogecoin (DOGE) rises 177%, targets $0.50
Dogecoin (DOGE) may have originated as a meme coin, but it has proven to be more than just a passing fad in the cryptocurrency world.
Dogecoin is currently priced at $0.419 and has risen 177% in the past 30 days, attracting widespread attention from investors.
After an initial surge and brief stagnation following the US election, DOGE remains in a consolidation phase, but its long-term potential continues to grow.
Technical indicators show bullish sentiment for Dogecoin in the short term, with 12 out of 17 technical indicators calling for buying.
However, Dogecoin must break through the $0.4378 resistance level to continue rising. The next potential resistance is at $0.4590. The bottom support of the price is at $0.4173; if it falls below this level, a downtrend is likely.
The continued accumulation of Dogecoin whales and the possibility of an upcoming all-time high, fueled by the third bull run, suggest that the memecoin could eventually see significant growth and break through the $2 mark.
