Dogecoin has the potential to break the $1 mark by following a trend from 2021. During that year, the memecoin experienced a surge of 7,000%, demonstrating its ability to achieve massive gains in a short period of time.
By aligning with classical charting principles, Dogecoin suggests a possible return to such heights. Traders and investors are watching for patterns that drove the previous rally to see if they can spot similar trends emerging.
Dogecoin's price movements and overall market perceptions could be pivotal in the lead-up to a possibly historic rally. If successful, the coin could see gains exceeding 1,000%, echoing its past performance and elevating it above the $1 threshold.
