Dogecoin has broken out of a long-term consolidation phase, signaling potential for significant price growth as it enters an expansion phase.
Large Dogecoin holders have been actively accumulating the coin, indicating strong investor confidence and potential for future price appreciation.
Technical analysis suggests that Dogecoin may follow a historical price pattern, potentially leading to a substantial bull run.
While the exact trajectory of DOGE’s price remains uncertain, analysts are cautiously optimistic about the possibility of reaching $1 during this bull run.