Can Dogecoin Reach $2? Analysis Shows Bullish Momentum

Dogecoin (DOGE) is surging today, breaking through crucial resistance around $0.23 and climbing 7.75% in the past 24 hours to reach a fresh all-time high at $0.24. Traders believe this could signal a move toward $2 if momentum continues, fueled by growing expectations of regulatory approval for a spot Dogecoin ETF. Analyst Crypto Patel highlights an accumulation zone between $0.18 and $0.23 where whales have been quietly buying more DOGE. With the key support level at $1.50, he believes a dip under $0.15 is unlikely. 401(k) plans, along with recent policy changes to include cryptocurrencies in retirement accounts, are driving this sentiment.