Dogecoin Price Surge: Analyst Predicts $1 Reach as Momentum Builds

A recent surge in Dogecoin’s price has analysts anticipating a potential breakout towards the $1 mark. Chart patterns and momentum indicators suggest a bullish reversal, fueled by growing whale activity and strong buying sentiment. 2-week timeframe data reveals a potential bullish phase after completing a five-wave corrective structure according to Elliott Wave theory. This setup is supported by breaking out of a falling trendline. The chart also shows an alignment with previous rallies in 2024, indicating a potential repeat pattern.