This unexpected rally has led analysts to speculate that Dogecoin could be on its way to reaching the coveted $1 mark. Crypto traders have been highlighting bullish triangular patterns, suggesting a potential breakout towards the $1 mark.
Dogecoin experienced an impressive surge of over 30% in just one week, outperforming many larger altcoins and reaching $0.14. Elon Musk’s continued support and political involvement have also added momentum to Dogecoin’s price prospects.
The meme coin’s price has risen by more than 30% in just one week, reaching above $0.14. Crypto trader DonAlt, among others, is bullish on Dogecoin’s prospects, believing that a strong overall crypto market could propel Dogecoin past the $1 threshold.
Similarly, trader Crow expressed confidence in DOGE’s potential, stating it is “like Bitcoin of the meme coins.” Crow’s chart analysis, spanning from 2014 to 2024, highlights three triangular patterns suggesting a potential breakout.
