Dogecoin’s price is aiming for a two-digit increase after breaking out of a descending wedge pattern. Cryptocurrency market analyst KrissPax has predicted Dogecoin could reach above $0.40 following this breakout. This price level is crucial as Dogecoin had a key support in this range in its previous uptrend. Surpassing $0.40 could pave the way for achieving the highest historical price of $0.74 and even reaching the anticipated $1 level. Whales in the market have shown signs of strong accumulation in Dogecoin with a 41% increase in transaction volume, reaching $23.35 billion traded in 24 hours. These large accumulations could aid in improving Dogecoin’s price. Another analyst, Master Kenobi, has forecasted a significant breakout for Dogecoin this week, reaching $1.20, with a more optimistic scenario predicting a price of $3.40. Analyst Dima James has recently predicted that this meme coin pioneer may surpass $11 by the end of this year, with the potential for a price increase to $23 or even $36 based on historical trends. Currently, Dogecoin’s price has surged by a noticeable 16.63% to $0.3943.
