Analyst Ali Martinez has highlighted Dogecoin's potential for significant growth. According to Martinez, $DOGE is trading within a multi-year ascending parallel channel that suggests a bullish price target of $15.
Dogecoin price analysis suggests a bullish target of $15 within a multi-year ascending parallel channel.
Dogecoin’s network activity has seen a surge, with 588 transactions exceeding $1 million in the past 24 hours. This activity coincides with Donald Trump’s inauguration and the announcement of the Department of Government Efficiency (D.O.G.E).
The doge(.)gov website has drawn attention, featuring the $DOGE logo and Kabosu, the iconic face of Dogecoin. However, the initiative has faced legal challenges, with the National Security Counselors group alleging violations of the Federal Advisory Committee Act.
As Dogecoin gains popularity, both in the market and in the political arena, the community awaits further developments, including the resolution of legal hurdles and the anticipation of the bullish target.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
