Dogecoin (DOGE) Enters Historically Bullish Month, Can It Reach $20?

Dogecoin (DOGE) price is up another 2% today to reach $0.32. However, DOGE is now down 17% from its local peak earlier this month. Despite this, Dogecoin is still up more than 190% since July 2022.

Dogecoin price seems to be preparing for another breakout after a month of consolidation. DOGE price is now approaching a crucial resistance level, and if broken, it could trigger a massive surge in buying pressure.

Dogecoin Price Analysis

After a grueling bear market in 2022, Dogecoin price finally showed signs of life in late 2022. DOGE price surged more than 700% from its June lows to hit highs of $0.34 earlier this month.

However, Dogecoin price faced strong resistance at this level and was unable to continue its rally. DOGE price then fell sharply, losing more than 17% in just a few days.

Despite this sell-off, Dogecoin price is still up more than 190% since July 2022. DOGE price has now found support at the $0.31 level and is beginning to consolidate once again.

On-chain analysis platform Santiment recently reported that Dogecoin price action has been trading sideways for 25 out of the past 30 days. The last time Dogecoin price consolidated for this long was in March to April 2023, when DOGE price went on to rally another 300% from there.

Dogecoin Price Prediction: Can DOGE Price Reach $20?

If Dogecoin price manages to break through the $0.34 resistance level, it could trigger a massive surge in buying pressure. The next key resistance level for DOGE price is at $0.73, which is the all-time high set in 2021.

If Dogecoin price breaks through this level, it could enter price discovery and rally all the way to the $1 psychological price point. In fact, some more bullish price predictions for Dogecoin are targeting the $20 level.

While this may seem wildly speculative, Dogecoin has a history of surprising to the upside. In January 2021, Dogecoin price surged more than 700%, which would take the Dogecoin price to around $2.20 if history were to repeat.

Best in Class Web3 Casino Rollblock ($RBLK) Sees Massive Growth During Q4

Speculation is rife that Rollblock (RBLK) will see a market-shaking supply squeeze this year as the scarcity of its RBLK token will face unfathomable demand.

Rollblock is a groundbreaking entry into the $500 billion online gambling sector, which leverages the Ethereum blockchain to anonymously secure every casino transaction onchain.

This will empower its gamers to explore the 7000+ casino games on the platform with huge peace of mind, knowing that nothing can be manipulated as is so often the case in the traditional gaming world.

Rollblock is currently enjoying a season of massive growth, with a 600% surge in registrations being recorded in December and a total of $1.75 million in bets being placed across the platform.

Rollblock is entirely crypto native, meaning that its RBLK token is used for all payouts and can be swapped and withdrawn from the platform instantly. However, it is likely that holders will hold on for dear life thanks to the revenue share scheme that benefits holders by buying up masses of RBLK tokens each week. 60% of these purchases are burned from the supply to create a deflationary spiral, while the rest are allocated to stakers in the community who can earn an attractive yield of up to 30% APY.

RBLK is currently in stage 9 of its presale and priced at $0.045.

Rollblock Set for Life-Changing Gains in Upcoming Quarters

January is famously a bullish month for Dogecoin and looks to be similarly explosive for Rollblock (RBLK).

Owing to Rollblock’s comparatively smaller market cap, it has much more potential for upside growth, and if its current parabolic growth continues, then the RBLK price could well reach the $1 mark during its first cycle.

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