Dogecoin (DOGE) holders are anticipating a significant breakout from the current support level as the crypto market recovers from recent sell pressures and price dips.
Despite the recent price dip, DOGE's active addresses have increased by 47% to 163,000 in the last 30 days, indicating growing market activity and volume.
DOGE holders are aiming for a price surge to reach $0.5 in the next cycle peak and some even see the $1 mark as a bullish level.
Optimism from DOGE holders is also expected to impact other meme coins, potentially igniting a major rebound in the meme coin market.