Dogecoin Rises 20% in 24 Hours – $0.50 Price Mark Within Reach
Dogecoin (DOGE), the beloved memecoin, has surged by more than 20% in the last 24 hours, climbing to $0.47. This impressive rally comes on the heels of renewed enthusiasm fueled by Elon Musk’s recent moves, igniting meme investor optimism and speculation.
DOGE/USD 1-month chart - TradingView
Dogecoin Surges Amid Musk’s Influence
Elon Musk , a known advocate of Dogecoin, recently named his department D.O.G.E, sparking a wave of excitement in the community. This move has further solidified his influence over the memecoin and driven significant buying pressure, pushing the DOGE price higher.
Breaking $0.50: A Key Milestone
Currently trading at $0.47, Dogecoin is rapidly approaching the $0.50 mark, a crucial resistance level. Breaking through this barrier could signal the continuation of DOGE’s upward momentum , with investors eagerly watching for the next breakout.
DOGE/USD 1-day chart - TradingView
Dogecoin Price Prediction: Will Dogecoin reach $1?
Analysts are optimistic about Dogecoin’s price trajectory, with the first target being the previous all-time high of $0.72. Should DOGE reclaim this level, the psychological milestone of $1 appears well within reach. Market dynamics and ongoing investor enthusiasm will play a key role in achieving these targets.
Meme Investors Fuel the DOGE Hype
The memecoin market thrives on community sentiment and speculative trading, and Dogecoin is no exception. Backed by Musk’s endorsement and a loyal fan base, DOGE remains one of the most actively traded cryptocurrencies, with high potential for further growth in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








