Some experts have projected even greater growth in the price of Dogecoin. The operator Tardigrade pointed out that Dogecoin has entered a section of an Ascending Broadening Wedge pattern, which historically can trigger significant bullish movements. Additionally, he projected that the price of Dogecoin could reach $1 in the long term.
In the short term, traders are closely watching whether the price of Dogecoin can maintain itself above $0.208-$0.210 and break through the resistance band of $0.213-$0.215. A drop below $0.198 would break the bullish structure. However, so far, volume trends and whale flows suggest that confidence remains strong.
Cryptocurrency analyst Carl Moon shared his views on the price prospects of Dogecoin as Bitcoin continues its record streak. According to Carl, the immediate target for DOGE is the neckline resistance at $0.24. If Dogecoin manages to surpass this key level, he believes the price could surge sharply towards $0.33.
"Many of you are wondering about the future of Dogecoin as Bitcoin continues to reach new all-time highs," noted Carl, highlighting the potential for a significant bullish movement if momentum is maintained.
