Dogecoin Price Prediction: Will DOGE Keep Rising or Pull Back When It Reaches $1 Psychological Level?

DOGE currently trades at $0.39, reflecting over a 170% increase in the past month. Although DOGE fell a bit after crossing $0.40, it’s still bullish. Analysts also believe its rally has just started, and Dogecoin’s price could reach $1 shortly.  However, if it reaches the $1 psychological level, will it keep rising or fall below the mark?

Dogecoin (DOGE) Price Rallies: Higher Highs Ahead

Dogecoin’s rally looks strong, and despite already gaining over 170% in the past month, analysts believe it’s yet to reach its max. According to popular analyst Alan Santana, this is the first strong bullish month for DOGE since the 2021 bull run.  In January 2021, DOGE saw a very strong bullish phase like this one. However, he believes DOGE is yet to be done, and this is simply the beginning of a bullish cycle; Dogecoin’s price will see more explosions. He also claims that Dogecoin just broke out of a three-year consolidation period. This will lead DOGE to a massive rally, but there will be short correction periods in between.  Another analyst, Kevin Capital, reiterated this stance in a post on X. He claimed that Dogecoin, the most explosive yet, is still ahead. According to him, if DOGE holds its price level and RSI, it will continue its rally with it going stronger. Yet, another notable trader has resounded this $1 optimism. If DOGE keeps surging per the predictions, it could soon rise to $1. However, it must break past the resistance at $0.43 and $0.49 before surging further. If DOGE touches $1, will it keep rising or see a strong pullback?

DOGE at $1: Will It Hold or Pull Back?

Dogecoin’s current rally can see it reach the $1 psychological mark. However, it’s hard to predict if it will stay strong above $1 or see a retracement, as many factors could work for or against it. The major factors fueling DOGE’s rise are the fear of missing out (FOMO), Elon Musk’s influence, whale activities, and BTC’s surge. If FOMO remains and whales keep buying, it will fuel bullish sentiment. Similarly, Elon Musk’s recent posts have led to a two-digit surge for DOGE. His continuous influence can also spark a frenzy, leading to more gains. Also, BTC will have to maintain its uptrend with the market remaining positive for Dogecoin to stay above $1 and surge further. If these fail, DOGE could lose the support at $1 and fall below, retracting its gains. Investors must remain cautious as DOGE relies on hype and speculation. Thus, it could fall sharply.

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RXS to $10: Higher Gains Than DOGE

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Conclusion

Dogecoin’s strong rally indicates that it might soon skyrocket to $1. However, factors like whale activities, FOMO, Elon Musk’s influence, the BTC surge, and the general market momentum will determine whether it will stay above $1 or retrace its steps. Meanwhile, Rexas Finance has a stronger potential to book higher gains in 2025 and beyond. RXS’s price will go from $0.03 to $0.20 when it goes live, leading to a 566% gain. Experts also think it will go up to $10 or more in 2025. Rexas Finance is giving away a million dollars right now. Twenty lucky winners will each get fifty thousand dollars, so you can enter to win if you sign up now.

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