Is $1 Dogecoin Possible? $900 Million Volume Fuels Rally: DOGE Prediction

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Is $1 Dogecoin Possible? $900 Million Volume Fuels Rally: DOGE Prediction / Source: Cryptonews

Dogecoin (DOGE/USD) has recently seen a significant rise in trading volume, reaching $1.24 billion over the past 24 hours. Despite a slight decline of 2.38%, the current price stands at $0.1316.

Ranked #8 by market cap, Dogecoin boasts a capitalization of $19.12 billion with a circulating supply of 145.3 billion DOGE coins. The key question on investors’ minds is whether Dogecoin can reach the $1 mark.

Technical indicators, such as a symmetrical triangle pattern and strong support at the $0.1282 level, suggest a potential upward trend, making this an exciting time for Dogecoin enthusiasts to explore its price prediction.

Dogecoin (DOGE/USD) price today stands at $0.1316. The symmetrical triangle pattern on the chart indicates strong support for Dogecoin around the $0.1282 level. This pattern typically suggests a potential continuation of the previous trend, which, in this case, points towards an upward movement.

Immediate resistance levels are crucial for identifying potential upward targets. Immediate resistance is observed at $0.1384, with further resistance levels at $0.1438 and $0.1484.