An exciting week begins with Bitcoin back challenging all-time highs and ETFs seeing a potential U.S. launch. With a rise of 0.68%, the global crypto market cap now stands at $2.50 trillion. While major altcoins were trading on a mixed note, ETH price is on the verge to hit $4k.
Dogecoin price surged above 8% leading the top 10 cryptos in terms of gains. During a recent live audio conversation on Twitter Spaces, billionaire Mark Cuban said that he would continue talking about Dogecoin despite facing pushback from Bitcoin maximalists.
Will Dogecoin Price Rise Above 0.26?
In the past 24 hours, The DOGE Price set a new higher low, indicating a massive rally ahead. At Press time the meme token is trading at $0.25 with a 9% surge.
The altcoin is now approaching strong resistance at $0.25, which will play a crucial role in the next price move. Right now, DOGE is attempting to defend its $0.25 price level. If this level fails to keep support, DOGE/USD might drop to $0.22 before an ascent resumes.
If the price turns up from the current level and a breaks above $0.25 and could lead to further upward movement reaching $0.2650. A breakout and close above this level will suggest that the Bulls have entered the market. In an extended rally, the DOGE/USDT pair may rise to $0.32 and further hit $0.35.
On the flip side, If the bulls level fails to hold above support levels, we can expect the DOGE/USD price to plunge around $0.22 before attempting another breakout.
Analyst Predicts DOGE Price to Hit $0.4
Pseudonymous Crypto analyst with Twitter handle @AltstreetBet shared a chart on DOGE/USD, claiming the meme coin to hit 0.49 by December.
As per the analyst, the meme token can see a minor pullback once it breaks 0.26 levels. Further, the price can rally up to 0.49 by end of the year.