Regarding whether Dogecoin (DOGE) can reach 1 dollar, this topic has indeed been quite hot recently, and many people have questions and expectations. Let me share my views to give everyone a clearer perspective.
First, the 0.22 dollar level is very critical. If it falls below this, it may continue to drop to around 0.20 dollars in the short term, which is an important support line that cannot be ignored.
Second, although the market is mainly composed of retail investors, the selling pressure is indeed significant, especially with heavy selling pressure around 0.3 dollars. Last year's rebound only reached about 0.4 dollars and was unable to maintain a higher position, indicating limited bullish strength.
Third, the current market trend is more about speculation around ETF applications. If the ETF is approved, it is expected to bring more institutional funds into the market, but this is merely a 'catalyst' to drive up prices; we cannot say that Dogecoin will definitely rise to 1 dollar based solely on this.
Looking deeper, Dogecoin, as a meme coin, has an active community and a large market base, but it lacks real technical support and application scenarios, making its price more driven by sentiment and speculation. To break through 1 dollar, in addition to financial support, long-term ecological construction and value recognition are also needed.
Therefore, as ordinary investors, it is more important to pay attention to key support levels and price pressures, maintaining rationality and patience, rather than blindly chasing highs. Short-term market participation is possible, but do not let the 'dream of explosive growth' blind your eyes; risks and rewards coexist, so remember to act within your means.
In short, how much Dogecoin can rise depends on the real support from market funds and the competitive landscape. The 1 dollar target is appealing, but the road is long and full of uncertainties. Not to follow emotions and operate rationally is the key to steady profits.
The above content is for informational sharing only and does not constitute any investment advice! $BTC
