Analysts are indicating that Dogecoin (DOGE) has a 60% chance of reaching $1 before the end of January. As of January 17, the price of DOGE is up 10%, trading around $0.42. A close above $0.40 could signal a strong trend reversal, as it has been consolidating between $0.30 and $0.45 since November 2024. A significant purchase of $200 million from DOGE whales in the last 48 hours suggests renewed market interest. Traders, referencing the recent momentum, believe DOGE could see a rally of 140% before February, particularly in light of prominent figures like Elon Musk and Donald Trump influencing the market. Technical analysis shows DOGE's recent price movements have established a strong base for possible upward movement, akin to previous rallies that have seen substantial gains. Experts believe if retail interest spikes, a quick ascent to $1 is possible once DOGE begins trending significantly. Analysts such as Mikybull also anticipate a bullish breakout, further supporting the projection towards the $1 mark.

Source 🔗