Dogecoin Is Set to Explode! Will Doge Hit $1 During This Bull Run?

Abstract:

• The price of Dogecoin is close to surpassing 10 cents, and sustaining above these levels might spark an upcoming sharp increase.
• In the meantime, the token is acquiring a tremendous amount of traction against Bitcoin, and a 100% price increase is imminently anticipated.

The value of Dogecoin, the ninth-ranked asset, has recently increased by over 10% and is rapidly approaching key levels at roughly $0.1. There has been a notable activation of the DOGE community, as trade volume has increased by over 200%, reaching $1.5 billion, with bulls accounting for the vast majority of this increase. The cost is currently reaching fresh 2023 highs, suggesting further price growth is possible.

Bitcoin’s price is about to break out of a rising wedge, which is bullish. After a breakout, the price might surge over $0.11, testing the significant resistance at $0.14 and slicing through key support levels at $0.12. Meanwhile, key support and resistance levels are being tested as the DOGE price versus BTC.

In the first quarter of 2023, the DOGE/BTC exchange rate is predicted to see a big breakout, which, according to well-known analyst Bluntz, could spark a 100% rise.

One of the first altcoins to recover, Dogecoin is currently trading between critical support and resistance levels. Holding above these levels, which have served as resistance for nearly a year, might set the stage for a significant surge beyond $1, as predicted by analyst Captain Faibik.

$DOGE $1 is Programmed, Just Hold with Patience..!!

Patience will be Rewarded ✍️#Crypto #DOGE #DOGEUSDT pic.twitter.com/G9pTBx9F3w

— Captain Faibik (@CryptoFaibik) January 31, 2023

Dogecoin whales went active and traded roughly 450 million tokens for $40 million as rumors of a large price increase spread. Twenty of the most popular wallets paid a total of 1.01 DOGE, or $0.09, to send a token to an unidentified wallet. Collectively. The price of Dogecoin (DOGE) is expected to continue its rapid ascent in the foreseeable future.