Dogecoin Breaks Through $1.50 Barrier, Entering Parabolic Phase

After months of steady accumulation, Dogecoin has entered a parabolic phase on its weekly chart, signaling accelerated price growth toward the $1.50 region. Analysts attribute this surge to expanding decentralized finance (DeFi) applications and increasing institutional investments. 2024 saw the rise from consolidation to a slow-bull phase, marked by gradual upward movement and breakouts past key resistance levels. Now, Dogecoin is poised for a significant price jump, as indicated by its current weekly chart. The chart projects potential growth toward the $1.50 region if the parabolic trend maintains upward momentum.