Dogecoin appears primed for a possible breakout to $1. Cointelegraph explains why.
Dogecoin (DOGE) price has displayed resilience over the past two weeks with a range consolidation between $0.34 and $0.46 since Nov. 12. The memecoin is the sixth most traded asset by 24-hour volumes (excluding USDT), retaining overall market interest.
Dogecoin 1-day chart. Source: Cointelegraph/TradingView
With DOGE technicals becoming more favorable in the chart, multiple analysts predicted that the original meme token is approaching a breakout.
