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Dogecoin Emerges Out of the Blue, DOGE Price Jumps More Than 50%

Highlights

    DOGE price spikes nearly 54.16% in just a couple of hours without any mentions from the Interpreted CEO

    With the massive surge, the DOGE price appears to be poised to smash the current ATH and form new highs very soon

Why did the DOGE Price Surge?

The DOGE price shot up more than 50% in the past couple of days, regaining the lost positions gained in the previous jump. The previous surge has anticipated the emergence of a beginning of an Altcoin Season but woefully, the price slashed yet below $0.01.

This time for a change, it has been assumed that the recent GME Stock expulsion might have led to the surge. However, there is no well-grounded base for the claim but yet the rounds of Elon Musk tweeting about the manipulation might have triggered the surge.

The Dogecoin price has broken all the barriers and is heading very strongly towards the ATH, many believe the price may hit a new high. As per one of the popular analysts, Founder of Gokhshtein Media and CEO of PAC Coin, David Gokhshtein, DOGE price may hit $1 very soon.

Can the Bull Run Get More Intensified?

The DOGE price pump appeared very unexpected, jumping more than 50%. At the time of writing, the price is $0.0147 with a massive surge of 57%. However, the surge might continue still higher if the momentum gets yet another boost.

Dogecoin price is expected to hit $0.03 or 100 Sats as per the predictions by a popular analyst Murfski in this quarter.

He also asked the business magnate and CEO of Tesla, Elon Musk to help the dogecoin price to pump harder and higher. 

DOGE Price Analysis

Dogecoin price

The start of the year 2021 was pretty good for the Dogecoin price as it initiated with a similar accelerated rally that hit $0.0147. Woefully, the price slashed and trended below $0.01 for almost a fortnight until a major boost raised the price above the levels.

As mentioned in the chart, the price has already broken the trend line and surged to the new highs. 

Technical Specifications

  • The current resistance levels are formed at $0.01877
  • The support levels are formed at $0.0072
  • The indicators point out towards a ‘strong buy’
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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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