#Dogecoin
Dogecoin Price Predictions After a 44% Rise: Is DOGE Preparing to Surge Towards $1? -
The price of Dogecoin (Dogecoin-DOGE) has regained pre-trade war levels despite remaining 50% below its all-time high, suggesting that its anticipated breakout is imminent.
The price of Dogecoin continues to approach its target of $1 after rising by 44% over the month, enhancing bullish DOGE price expectations in the near term, especially as the price is currently testing the upper limit of its narrow trading range of approximately two weeks between $0.20 and $0.25. If the price successfully breaks above this range, DOGE could become one of the most worthy cryptocurrencies to buy. Despite Dogecoin's market value currently remaining below its peak levels recorded after Trump's inauguration at $5.4 billion, the total value of open DOGE futures contracts has increased to levels last seen in February at $2.7 billion according to CoinGlass data.
As the wave of fear, uncertainty, and doubt (FUD) subsides, bullish expectations about DOGE's price have increased. Here, it seems that traders are inclined to believe in the possibility of continued price surges, with the rate of speculative long trades compared to short trades on Binance reaching 2.23, meaning that 69% of traders are betting on a rise.