Dogecoin Jumps 4%: Can DOGE Hit $1 Soon?

Dogecoin (CRYPTO: DOGE) is up another 4%, prompting trader to echo new predictions of a $1 price target backed by strong technical signals and rising whale activity.

What Happened: Trader Tardigrade expects DOGE to soon hit his diamond bottom target of $0.29, while macro investor Raoul Pal took to X on May 11 to muse about the idea of Dogecoin becoming the “hardest currency” in the world.

He cited the DOGE/BTC chart, which he believes is forming a large bull flag, a pattern that typically precedes significant upward moves.

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