Dogecoin (DOGE), one in every of the largest winners this month, maintains bullish traction. The dog-themed cryptocurrency has outperformed most prime altcoins, highlighting the rising adoption of memes. Charting a bullish course, the Dogecoin price exploded over 100% in the previous seven days, retailing at round $0.4.
The largest hurdle in its quest to $1 is perhaps flipping the 2021 all-time excessive of $0.73. Nonetheless, contemplating key indicators like the MACD Degree (12, 26) and the coin worth buying and selling above the 10-EMA and 10-SMA—all bullish indicators—it’s primed for a breakout.
Furthermore, bullish forecasts have been making the rounds in the crypto neighborhood. A crypto fanatic, EBurnz, predicted $5 as the next top for Dogecoin (DOGE). One other fanatic, Beattheoddsreal, weighed in, predicting $6.9 as this cycle’s top.
