Dogecoin may break the three-year record of value in the near future

Cryptocurrency experts note that most digital coins are actively growing in value. Dogecoin DOGE $0.11 Dogecoin -0.22% Market capitalization $15.55 billion VOL. 24 hours $0.14 billion is no exception, as the meme coin is steadily strengthening its position, attracting the attention of many market players.

Recently, a popular analyst Ali Martinez published a post on social media where he predicted that DOGE would rise to $ 1 in the next month. The popular memecoin has recently reached an important support level of $ 0.2. It is noteworthy that the last time the asset was at such high levels was back in 2021. Martinez emphasized that the coin’s chart is currently forming a pattern that has always contributed to explosive growth in the past.

The analyst noted that globally, the price of memcoin is trading in consolidation. In practice, it often happened that as soon as the price of the coin was confidently fixed above the upper boundary of the accumulation zone, a pronounced bull run began to develop.

Martinez did not rule out that this pattern could work in the near future. It is noteworthy that this analyst is not the only one who is positive about the short-term prospects of the DOGE.

Another expert known under the pseudonym KALEO expressed a similar opinion that the coin could soon reach the $ 1 mark. This is due to the fact that DOGE has a strong correlation with bitcoin. The success of the market flagship will be directly reflected in the meme-coin.

As of March 11, Dogecoin is experiencing local difficulties as it shows a slight drop. At the time of writing, the main meme coin is trading at $ 0.17. On the other hand, the asset continues to trade in a long-term bullish trend.