Dogecoin (DOGE) Can Skyrocket By 120% If It Holds This Important Resistance (Analyst)

TL; DR

DOGE has been on a tear, with analysts predicting a profit of up to $2.
With the meme coin market cap approaching $130 billion, Dogecoin is leading the charge with strong performances from Shiba Inu (SHIB), Bonk Inu (BONK), Brett and PONKE.

Is DOGE getting ready for more pumping?

Dogecoin (DOGE) has been on fire in the last month, its price has increased by 170%. Last week, it hit a three-year high of over $0.43.CurrentlyIt trades at approximately $0.38 (CoinGecko's data).

A body could be. Contributing to the impressive performance is Elon Musk's interaction. The Tesla CEO has promised to lead a department called DOGE in the Trump administration.

In his role. Musk It is expected To reduce bureaucracy, reduce government spending and increase efficiency. Trump soon Confirmed The creation of DOGE is described as the “Manhattan Project” of our time.

There are many analysts who believe the latest price revision. The leading meme coin is the beginning of a big leap. of Famous Analyst Ali Martinez It is intended A 120% rally to $0.82 As long as it is DOGE holds the $0.37 resistance level.

X User Mikubul Crypto He predicted Same sharp, but Captain Fibic He predicted In the first half of 2025, it rose to $2.

Before that Master Kenobi It is estimated. Bullying factors from the White House (and some other entities) make DOGE the fourth largest cryptocurrency.

The battle will not be easy as SOL and BNB continue to push forward. However, rapid capital outflows and frustrations in the market mean DOGE could easily rise to $2 or more, the analyst said.

A closer look at the meme coin sector

Dogecoin is not the only meme coin today (November 19), the entire space is entering green territory again. Shiba Inu (SHIB) increased 6% daily, while Bonk Inu (BONK) increased. as if 8%

High performers include BRETT and PONKE. Both rose by double digits. In the last 24 hours.

Meanwhile, the meme coin market is capitalizing. It is sitting It reached a peak of nearly $130 billion. Remember that by At the beginning of November, the figure was less than 60 billion dollars.