Dogecoin Ready to Explode Again? Analyst Sees a Major Price Rise to $1 Soon

Although Dogecoin – the most famous meme coin in the market – has fallen 13% in the past week, many investors are still hoping for a new wave of growth to emerge. According to renowned technical analyst Crypto Patel, Dogecoin may be preparing for a strong breakout, with the potential to rise to $1, or even further. Growth Signal Has Emerged Crypto Patel stated that Dogecoin is currently forming a clear bullish pattern on the chart. Specifically, DOGE is making (higher highs) and then undergoing healthy pullbacks – a pattern that technical traders often view as a sign of a sustainable upward trend. Notably, Patel stated that DOGE has risen by up to 700% from the initial entry zone, and is currently up 68% from the most recent re-entry zone. This is a signal that the next “pump wave” may be forming.

Important Price Levels to Watch One of the most notable technical milestones is the $0.22 area, where Dogecoin has successfully surpassed and retested (. Holding above this support level indicates that DOGE is building a solid foundation for a future breakout. Strong Community – Outstanding Motivation Unlike many other cryptocurrency projects, Dogecoin has a loyal and passionate community. The continuous support from the community is a key factor that helps DOGE maintain its appeal, especially during bullish market phases. Patel predicts that with the current rise, Dogecoin could reach short-term targets at $0.5 and $1. In the long term, if the trend continues, DOGE could completely aim for higher levels such as $2 and $3. Second Chance for Investors? The current context is causing many analysts to draw parallels to the “crazy” price surge of Dogecoin in 2021 – when this coin rose by up to 7,000% in just a few months. Although it cannot be definitively stated that a similar rise will happen again, the current price structure is attracting the attention of investors. With Dogecoin currently trading around $0.2177, falling 2% in the last 24 hours, many investors see this as a “second golden opportunity” to join the potential growth wave of the “king of meme coins.” 📌 Note: This article is not investment advice. Investors should conduct their own research and manage risks appropriately before participating in the market.