DOGE Coin is on the verge of a significant price surge, with some analysts predicting it to reach $1.1 by early June. The largest meme coin by market value is currently trading at $0.1739, showing similar patterns to the upward trend in 2017, boosting trader optimism. On March 17, market analyst Master Kenobi identified significant similarities between the current DOGE price movement and its 2017 pattern. Based on this pattern, he predicts this meme coin could reach $1.1 in the first weeks of June. Although not certain, touching the 200-day moving average as a key support level enhances the likelihood of this prediction. DOGECAPITAL also confirms this analysis, noting that DOGE Coin usually enters a strong upward trend every 4 years after touching a key support line. Additionally, another analyst named Trader Tardigrade stated that a Doji candle pattern appeared on the weekly DOGE Coin chart, usually indicating a market trend reversal. Despite a 38% price drop in the past month, bullish signals for DOGE Coin are increasing. According to Ali Martinez’s report, whales have purchased over 1.4 billion DOGE Coins in the last 24 hours, which, coupled with reduced supply, could pave the way for price growth. Furthermore, the possibility of a DOGE Coin ETF approval has added excitement to the market. Bloomberg analysts estimate a 75% chance of approval by the U.S. Securities and Exchange Commission (SEC). Visit the real-time digital currency price page to see live prices of all tokens and cryptocurrencies.
