- Dogecoin (DOGE) is expected to hit $1 by the end of May.
- Usually the price surge of DOGE is due to social media campaigns.
Elon Musk’s meme cryptocurrency Dogecoin (DOGE) is expected to hit $1 by the end of May. However, DOGE never fails to come up with big surprises that always get investors’ attention globally.
Notably, the meme crypto DOGE was bullish despite the recent crypto market crash that occurred last week. Usually, the price surge of DOGE is due to the social media campaigns that happen around.
The recent hype around DOGE seems to be fueled by the #DogeDay420 hashtag. The campaign’s ultimate goal is for the crypto to hit $4.20 by June 09, 2021. Also, in February, the price of DOGE spiked drastically over 55%. However, the price surge came after the tweet consecutive tweet from Elon Musk and Snoop Dogg.
Dogecoin (DOGE) Price Analysis
According to CoinGecko, DOGE holds 7th position, and its price is trading at $0.27, at the time of writing.
The daily time frame chart above shows the Ascending Channel pattern. An Ascending Channel is the pattern that occurs between upper inclining equal trendlines. More so, higher highs and higher lows frame this price pattern.
DOGE technical analysis shows that cryptocurrency has a fabulous future ahead in 2021. Additionally, the platform looks encouraging as it has clear objectives, and a use case that surfs a wide market.
Furthermore, DOGE has a high possibility of hitting $1 before June, if investors decide DOGE is a wise investment in 2021. Added to this, bullish DOGE price prediction 2021 is $10.