Dogecoin could break the $1 threshold if the memecoin repeats its 2021 trend which generated a 7,000% rally.
Dogecoin (DOGE) has been one of the top performers in November and the rally gained speed after President-elect Donald Trump’s victory in the US elections. Over the past 30 days, DOGE gained 229%.
Best performing crypto asset over 30 days. Source: CoinGecko
The memecoin’s market structure has undergone a significant shift at $0.37, previously witnessed in October 2021. With a major turnaround in the short term, the price ceiling could be much higher for DOGE if it repeats its historical pattern.
