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

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.

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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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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