Dogecoin

when

Elon Musk

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Numerous top-tier traders are eyeing the $1 mark for <a href="https://u.today/dogecoin-founder-makes-epic-trolling-comment-on-crypto-traders" rel="noopener noreferrer nofollow">Dogecoin</a>. The question arises though: why? Some say it's just a matter of time, with big traders like the Tree of Alpha hinting that those who do not grab DOGE at 7 cents or 16 cents might regret it when it <a href="https://twitter.com/Tree_of_Alpha/status/1771577987311268277" rel="noopener noreferrer nofollow">hits</a> $1.
Currently, DOGE is hovering around $0.17. That is a good jump from where it was just a while back. The chart shows us that DOGE has been dancing above the support level near $0.11, which acts as a safety net for the asset right now. If it stays above this line, it could be in a strong position to rise. <img alt="DOGEUSDT" data-entity-type="file" data-entity-uuid="e9e33765-d83e-4391-b7e9-bdf4e94fafe6" src="https://u.today/sites/default/files/inline-images/image_609.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">Dogecoin/USDT Chart by TradingView</a>
The resistance level? That's at about $0.18. A breakthrough above it would potentially mean an acceleration of the current rally. And if it does, the next stop could be at the much-talked-about $1. But DOGE has a few steps to climb before it gets there, including important psychological levels like $0.5, $0.75 and so on.
For DOGE to rally to the moon, a couple of things might help. One big push could come if it starts being used for payments on some big platform. And don't forget Elon Musk — the unofficial cheerleader for <a href="https://u.today/dogecoin-doge-payments-soon-elon-musks-x-secures-three-new-licenses-in-key-us-states" rel="noopener noreferrer nofollow">DOGE</a>. His tweets have sent it flying before.
So, will DOGE hit $1? Nobody knows for sure, but traders with a proven record and history believe in the bullish potential of DOGE. If you are watching or holding DOGE, keep an eye on local resistance levels. In case of a breakthrough, we could be in for a ride. But like any investment, there is always a risk.

Dogecoin (DOGE) at $1? Here's Why Traders See It There

U_Today

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