Dogecoin Price Forecast: Could It Reach $0.29 Soon?

Recent data shows a 17% surge in Dogecoin price, trading currently between $0.16 and $0.165. Crypto analyst Ali Martinez predicts a significant upswing for DOGE this week. His analysis focuses on DOGE’s current trading at approximately $0.16489 on Binance, where it bounced off a long-term support line established in late 2023. This bounce occurred at the $0.152 mark, which corresponds to a crucial Fibonacci level of 0.618. When DOGE hits this point, buyers often jump in, driving price increases.