Will Dogecoin’s Value Hit $1 This Bull Season?

Krutika Adani

Dogecoin Price Trends

Dogecoin has shown bullishness after recovering a major price level at $0.12. At press time, its price has gained 3.2% to reach $0.1341.

Strong Fundamental Support

Apart from price action, Dogecoin also has strong network growth in its favour. Dogecoin users have grown from 4.88 to 6.6 million in the last one year.

Will There Be an 18000% Rally

Dogecoin expects a huge rally this year as chart patterns signal that a repeat of the 2021 bull rally might occur. In 2021, Dogecoin rallied more than 18000% to reach $0.64.

Price Targets

If DOGE repeats its 2021 rally, the price might reach $17 by the next year. In the near term, DOGE is expected to reach $0.49.

Supports and Resistances

Dogecoin has strong support at $0.12 and resistances at $0.17, $0.20 and $0.28.

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