Dogecoin Price Holds at $0.2226 as Analysts Predict a 174% Rally to $0.65
Dogecoin (CRYPTO: DOGE) is trading at $0.2226 with a 3% increase over the past 24 hours, despite a 1.05% drop last week. With a record 42.35% increase in the past month, investors are optimistic, especially as analysts are forecasting that Dogecoin can reach $0.65. A 174% rise from current levels comes amid growing user activity, a precursor to stronger demand.
Crypto analyst Javon Marks says that Dogecoin has broken a long-term downtrendline that started after its all-time 2021 high of around $0.70. According to Marks, the move above the technical level indicates DOGE may be on the verge of a new bullish trend. Marks is looking at $0.65 as a viable mid-term target, with even higher targets at $0.74 and $1.25 if the trend continues.
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