|-Dogecoin price is expected to surge over $0.125. |
-DOGE run along with the bulls in breaking the resistance level of $0.78,
-Moreover, for opening a position in Dogecoin, investors need to be prepared for the high volatility
Dogecoin price is expected to surge over $0.125. Moreover, DOGE has seen many pumps this month through the manipulation of traders, celebrities, and so on.
Doge Price Could Face Another Bull Rally
DOGE is regarded as a meme token, is poised for higher highs. In particular, Tesla’s Elon Musk continues talking about DOGE. While rapper Snoop Dogg recently tweeted “Snoop Doge,” fueling the rising speculation around.
More so, DOGE is consolidating in a bull pennant after surging 1,150% between January 28 and January 29. This type of technical formation is considered a continuation pattern that may lead to a significant price increase.
According to CoinGecko, the DOGE price is at $0.067, with a 24-hour trading volume of over $9.99 billion, at the time of writing.
DOGE/USDT Price Chart (Source: TradingView)
DOGE/USDT has shown great performance in the last few days. If this continues, the crypto can be seen to run along with the bulls in breaking the resistance level of $0.78, which can lead towards a high price of $0.125.
On the contrary, if the DOGE price fails to maintain its position with the bulls, the crypto might break out of its bullish position and fall down along with the bears at the support level of $0.03. In this case, the crypto must find a way to recover quickly.
Furthermore, crypto markets are prone to rapid, sharp price changes. For opening a position in Dogecoin, investors need to be prepared for the high volatility in the price along the way. Even if the long-term outlook is bullish.
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