Dogecoin Surges 10% in 7 Days—Can the Meme Coin Actually Hit $0.60?
Dogecoin’s latest pump sparks deja vu—another week, another double-digit rally for the internet’s favorite joke-turned-asset. But this time, traders are eyeing the $0.60 price level like a Wall Street analyst eyeing their third espresso.
Key drivers? Elon Musk tweeted a dog photo (again), retail FOMO is creeping back, and let’s be honest—crypto markets still reward vibes over fundamentals. Technicals show DOGE breaking past resistance at $0.55, but whether it holds depends on whether Bitcoin decides to crash the party.
One thing’s certain: if DOGE actually hits $0.60, the ’to the moon’ crowd will conveniently forget its 80% drop from the 2021 ATH. Some things never change—especially in crypto.
Source: Forbes
Dogecoin to $0.60? Why Traders Believe DOGE Could Be Set to Surge?
On Thursday, the United States and the UK announced a landmark trade deal. The MOVE was a relief to global markets, as ongoing geopolitical tensions and tariff drama had threatened a plethora of assets in the US. That had a major impact on Bitcoin, which returned to a six-figure price for the first time since February.
That wasn’t the only asset that was propelled from the development. Among the tokens that got a positive push was Dogecoin, with the leading meme coin jumping 10% in the week, with all eyes on Doge potentially continuing the bull rally to $0.60
Dogecoin ended the week up 37% over the last 30 days, according to CoinMarketCap. Moreover, its 6% jump on Friday saw it settle at just above the $0.20 range. In a recent YouTube post, an analyst named More crypto Online discusses the asset’s potential. Specifically, he referenced an Elliott-wave roadmap that is intact and could have massive potential.
He noted that, so long as Dogecoin doesn’t retreat below the $0.1555 or $0.168 level, there is potential for greater increases. Specifically, the wave count is set to propel the asset toward the $0.60 psychological region. The question is, can it maintain its position amid increased uncertainty? If more trade deals come to fruition, it should have no problem making good on the potential.
