Dogecoin Price Prediction – Can Elon Send DOGE to $1?
Source: Unsplash Dogecoin (DOGE) is in the news again after Elon Musk on Wednesday reaffirmed his bid to buy Twitter, and DOGE supporters now hope that their favorite meme coin will get the exposure they believe it deserves as a result of the deal. As always, when it comes to dogecoin, the infamous $1 price target becomes a topic, despite the fact that dogecoin has never reached that level. At its peak in May of 2021, DOGE reached as high as $0.74 before it entered a bear market that has now brought it all the way down to $0.06 – a decline of more than 90%. DOGE weekly chart. Source: TradingView.com From a shorter-term technical Analysis , DOGE now looks poised for further upside after strong bullish action brought the price through the $0.063 resistance area on Tuesday this week. Worth noting is also that the price appears to have found support to the downside around $0.050 and $0.057, with these two levels now key if DOGE is to avoid further losses. Also poi...