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Dogecoin (DOGE) Price Eyes $0.80 as Whales Accumulate 200 Million DOGE and Chart Breakout Confirmed
A recent analysis by Master Kenobi, a renowned cryptocurrency trader, has sparked excitement among Dogecoin enthusiasts. According to his findings, the current price action of DOGE bears striking similarities with its past behavior during the 2017 bull run. This projection suggests that the asset could potentially reach $0.8 in the near future.
In his analysis, Master Kenobi drew parallels between the present market conditions and those experienced during the 2017 cycle. He notes that during this time period, DOGE experienced two significant price surges of similar magnitude and duration. The initial surge was followed by a retracement and an extended consolidation phase before the second parabolic rally to new highs.
Given the current chart pattern and observed historical behavior, Master Kenobi believes that Dogecoin might be entering a similar phase, potentially leading to a peak at around $1.10 in June 2025.
In addition to this significant price action analysis, recent news has emerged about House of Doge’s strategic DOGE Reserve launch. This initiative aims to create a functional global payments solution by positioning DOGE as a reliable and efficient transaction medium for merchants and users alike.
The House of Doge team emphasized the importance of low transaction fees, an inflationary supply model, and incentive programs that include merchant cashback and user rewards in their vision to bridge the gap between transaction processing times and real-world usability.
Source: https://coinchapter.com/dogecoin-price-eyes-0-8-as-whales-accumulate-200m-doge-and-chart-breakout-confirmed/?utm_source=rss&utm_medium=rss&utm_campaign=dogecoin-price-eyes-0-8-as-whales-accumulate-200m-doge-and-chart-breakout-confirmed
