Dogecoin (DOGE) has been struggling to regain the $0.30 level amid challenging market conditions, which has worried its supporters. The meme coin has a substantial market capitalization of $37.4 billion, but recent predictions for a peak at $0.64 by 2025 have been overshadowed by newer analysis.
The recent technical analysis highlights a significant breakout signal for Dogecoin, suggesting the possibility of its price reaching as high as $11. This potential rally comes as unexpected news to the Dogecoin community, who are eager to see the coin regain momentum.