The post <strong>This is When Dogecoin Price May Rise by 15x to Reach Beyond $1</strong> appeared first on Coinpedia Fintech News
Since reaching highs, Dogecoin, the largest memecoin by market capitalization, has plummeted drastically, currently falling over 90% from its highs despite not being significantly impacted by current market trends. The DOGE price broke above a descending trend that acted as strong resistance throughout December 2022.
During the recent upswing, the DOGE price showed potential to rally to the midpoint of the recent downtrend. In the past few days, the price displayed precise signals indicating a change in market behavior.
Currently, bulls have regained levels above $0.07 after testing bottoms at $0.661. The price rose above the 200-day MA levels just before closing the previous day’s trade, indicating a revival of the bullish trend.
Trading View
Moving within a constant ascending parallel channel since the beginning of 2023, the DOGE price is
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