DOGE to $1? Key Developments Fueling Dogecoin’s Potential Surge

Recent developments in the Dogecoin ecosystem, including adoption by major organizations and improved market sentiment, could pave the way for a significant price surge. Here’s a breakdown of the factors that might push DOGE toward the $1 milestone.

Top Developments That Could Trigger A Dogecoin Price Surge To $1

In the past week, Dogecoin has seen several developments that could lead to a price surge. These include improvement in market sentiment, adoption into payment systems, and the potential for exchange-traded funds (ETFs). Notably, Dogecoin has been accepted by the World Food Program in the United States, which could be a major boost. As these developments come to light, Dogecoin’s price could experience a significant uptick.

Dogecoin At Major Breakout Point As Liquidity Bottoms

Crypto analyst Kevin (@Kev_Capital_TA) has shared a chart comparing the Global Liquidity Index with Dogecoin’s price action. The chart highlights parallel channels and key trend lines that have aligned with Dogecoin’s turning points. Dogecoin has broken out and retested a long-term sloping trend line, stretching back to its explosive price run in early 2021. The chart also shows Dogecoin’s dramatic rise from less than a cent in 2020 to its all-time high.

DOGE Price Moves as Dogecoin Whales Go on Buying Spree

The cryptocurrency market is showing signs of revival on Friday night, with many assets charting impressive gains. Dogecoin is also in the green, which comes after a substantial accumulation spree by DOGE whales. Dogecoin once shot up to a multi-year peak of almost $0.5 after Donald Trump’s victory in the US elections. However, it failed to break that level and corrected hard in the past few months. Earlier this week, the OG meme coin reached a five-month low of $0.13 amid escalating tension in the Trade War. But it reacted well to this drop and jumped past $0.165 yesterday, although it later fell below $0.15.