There is a strong rumor in the crypto market, it is said that Dogecoin will break through $2 before the end of January. But remember, this is the crypto market, anything can happen. So, don't go full throttle! Come on, let's discuss it more casually and critically.
DOGE Starts Accelerating Again
Dogecoin price has recently increased by 10%, now hovering at $0.42 (as of January 17). If the candle above $0.40 is really strong, it could be a signal of a reversal trend for DOGE. No wonder, from November 2024 until now, DOGE has only played it safe between $0.30-$0.45.
Right now, the market is on fire! With positive vibes from US President-elect Donald Trump returning to the White House (yes, you read that right), DOGE traders are starting to be optimistic about a crazy breakout next week.
DOGE = Dino Coin?
Analysts say that DOGE is the strongest "dino coin" after Bitcoin and XRP. Dino coin is a term for old coins that still prove their worth even though they are old. Like XRP, DOGE managed to pump 222% in 2 weeks in November 2024. Cool, right?
Btw, there is also an interesting technical signal. DOGE made a swing failure pattern (SFP) in early 2025, causing its price to drop below $0.40 again. But the recovery at $0.35 managed to create a strong foundation for the next rally. Some analysts say, if this continues to happen, DOGE could push again.
60% Chance of DOGE Reaching $2, But There's Whale Drama!
There are some optimistic analysts, such as WSB Trader, who said DOGE has a more than 60% chance of breaking through $2 before February. He said, don't underestimate Elon Musk and the "Strongest President," Donald Trump. They both often act as catalysts for DOGE.
But remember bro, don't just trust cheerful analysis. There is also a realistic scenario that could happen: whales (big players) will not give retail (small traders) easy profits. They often check prices, make liquidation explode, and then push prices higher. So be careful, don't just jump all-in!
Actually, if this momentum continues to be consistent, DOGE breaking through $3 is also not impossible. Moreover, the latest data from Santiment tells us that there are whales who have bought $200 million DOGE in the last 48 hours. This makes us even more convinced that they are getting ready to play the price.
Conclusion: Don't FOMO, Don't FUD!
So, for those of you who are DCA DOGE or preparing a trading plan, remember one thing: patience is key. The crypto market is unpredictable, so always be prepared with an exit strategy. $1 could be just the beginning, and who knows, $2 could become a reality?
But remember bro, the important thing is not to become a victim of liquidation due to whale actions. Just relax, enjoy the ups and downs of prices while continuing to update news and charts!
