$DOGE
🚨 Can Dogecoin Price Hit $1? 🚨
As of this writing, the DOGE price was $0.2349, reflecting a 1.99% decline in the last 24 hours.
While there has been a drop from a previous peak of $0.2468, the memecoin has managed to stay above $0.2287, with which it opened trading.
Despite the spike in active addresses, Dogecoin’s price chart has not mirrored the staggering surge. This is despite speculations that DOGE could ride on a bullish rally to $1.
Although anything is possible in the crypto world, Dogecoin needs to grow from its current price level by over 300% to reach $1.
Currently, DOGE is facing resistance at $0.24. For the memecoin to continue its upward journey, it has to break several resistance levels, including $0.24 and $0.30, before testing $0.50.
If it succeeds in this move, it could trigger a breakout that might spark a bullish run.
Dogecoin’s technical analysis shows that it is unlikely to hit $1 in the short term.
In an optimistic scenario backed by a very bullish market supported by increased adoption, DOGE could hit $1 sometime around 2027 or 2028.