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The Dogecoin Price Uptrend Continues With a Steady Approach. Is $1 Imminent?

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DOGE Price Manifests a Balanced Marathon!

The DOGE price had a spectacular week with more than 200 percent growth and a continued surge of more than 20 percent since the start of a new week. The multiple attempts by Tesla CEO and the interpreted Dogecoin CEO, Elon Musk appears to have worked. Moreover, the DOGE price may hit $1 soon, as his endeavor seems to be unstoppable.

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As the DOGE popularity accelerates, the price pumps to the moon and the DOGE price rally may also hit $1 in coming days. As one of the popular analysts Mr.Beast also mentioned about Doge in his tweet, another analyst, Lark Davis, predicts a still more intense bull run in coming days.

However, the DOGE ecosystem broden’s as the world’s richest man, a rapper, a rock and roller and many more walking to pump the asset to the moons, as mentioned by Mr. Davis.

Dogecoin Price Analysis

DOGE price went parabolic a couple of times from $0.02 to $0.06 initially and later from $0.04 to the current levels above $0.08. However, a slight pullback lowered the price close to $0.6 in the early hours of trade yet the price appears to have stabilized the plunge by recording a pump again.

doge price

The current marathon was pretty stable and steady as the price added a cent every other day. The price held 3 cents from February 1st to 3rd, later held 4 cents from February 4th to 5th, held 5 cents on February 6th and on february 7th flew to 9 cents, dropped to 6 cents but held again above 7 cents.

Therefore, if the price adds up a cent every new day or other, the DOGE price may also hit $100 by the end of the year 2021. At the time of writing, the altcoin price is $0.07187 with a massive jump of 30 percent in the last 24 hours. 

Technical specifications

  • The resistance levels are formed at the higher levels at $0.08436
  • The support levels are formed initially at $0.06253 and later at $0.0433
  • The indicators for the DOGE price points out at a ‘buy’ signal.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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