Bitcoin $57,013.95Approximately 5 years after, there was an important development that would perhaps change the entire cryptocurrency world. The development that took place was the emergence of the first meme coin, which was nothing more than the entry of Dogecoin (DOGE) into the market. Afterwards, DOGE, which adapted to the movements in the market for a long time, was seen to have an incredible rise and reached its historical peak, especially after Elon Musk’s support. After this process, DOGE, which rose to $ 0.7376, fell just as sharply. Analysts’ expectations about DOGE seem to be increasing.
Analysts’ Comment on DOGE
Whether DOGE will rise to $1 again one day remains a matter of curiosity, and it seems that it must first regain the $0.10 area it lost. Despite this, analysts’ faith in DOGE remains. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Firstly, one of the well-known analysts of the market, World of Charts’s When we examine the analysis, it is seen that it is likely moving within the channel, but if it breaks the upper resistance line, it may move to $ 0.1060.
The analyst commented:
#Doge, which has been consolidating in a short range for a while, is trying to clear the range upwards. In case of an upward break, an 8-10% uptrend is expected.
On the other hand Crypto Tony’s The post he made on X reflected another bullish expectation. Tony examined the important resistance and support lines on the weekly chart and revealed possible price targets. The analyst’s statement was as follows:
The time will come for the Doge to revive.
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How Many Dollars is DOGE?
The undisputed leader of the meme coin market DOGE’s While it continues to be a matter of curiosity whether it will reach $ 1 one day, the price decline is also happening in parallel with the market. As of today’s writing time, the DOGE price continues to find buyers at $ 0.09715, below $ 0.10.
DOGE’s market volume has fallen to $14 billion, placing it 8th in the market volume rankings. Despite the decline in SHIB, it is still $7 billion ahead of its closest meme coin rival SHIB. Finally, DOGE’s 24-hour trading volume is reflected in the charts at $446 million after a 24% decline.
It seems that it will continue to be a matter of curiosity whether the support that Elon Musk or other famous names can give in the future will have an impact on the DOGE price and will be able to push the price back to $1.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
