Krutika Adani
While the broader crypto market faces setbacks, Dogecoin is showing resilience.
Dogecoin's technical charts reveal a bullish pennant pattern. Historically, such patterns indicate strong chances of a price surge, with DOGE eyeing significant upward movement.
Currently holding above $0.228, Dogecoin is targeting its previous all-time high of $0.73. Analysts believe that breaking these levels could push the memecoin toward the psychological $1 mark.
Increasing circulation and community engagement continue to strengthen Dogecoin's market position. These factors could fuel its journey to becoming the first memecoin to reach $1.