Dogecoin (DOGE) Could Finally Soar to $1 as Indicators Suggest a Major Rally May Be Coming

Dogecoin’s community has had one goal for several years now, which was to push DOGE to the price of $1 per token. Unfortunately, DOGE has never managed to reach this milestone

Dogecoin’s (CRYPTO: DOGE) community has had one goal for several years now, which was to push DOGE to the price of $1 per token.

Unfortunately, DOGE has never managed to reach this milestone, as the highest its price ever managed to climb was $0.7376, and even this record was achieved in May 2021.

However, according to an analyst known as Skew Analytics on X, this could change in the near future. The analyst pointed out that DOGE achieved a higher high on the weekly chart after breaking through a crucial high-time frame (HTF) resistance at $0.32. To the expert, this is a signal of an ongoing bullish momentum.

https://x.com/52kskew/status/1858398829349077277

More than that, it is a crucial breakout that suggests a structural change in the asset’s trend. Not only did it open a door for a short-term price stabilization between $0.32 and $0.40, but it also gave $0.40 as a crucial target to the bulls.

If the current levels hold, DOGE’s likelihood of seeing additional upward momentum goes up, and the analyst believes it is possible for the world’s oldest and largest meme coin to finally soar to the price of $1.

Granted, there are plenty of things that could go wrong for DOGE, but the coin did manage to stay above $0.35 for nearly a full week now, even during major Bitcoin surges and corrections, suggesting that it might be here to stay. As long as the support at $0.32 is holding, there might still be a chance for the prediction to come true.

Of course, DOGE is far from being the only high-potential meme coin, as another called Flockerz (FLOCK) recently captivated investors thanks to its new approach to governance.

Flockerz Is One Of The New Animal-Based Meme Coins That Have Recently Started Going Viral, But This Bird-Based Project Ensures That Its Community Members Become A Part Of Its Flock And, More Importantly, Stay In It.

It plans to do this by incentivizing community members to keep coming back and participating in the token governance. Simply put, whenever they help the project reach a decision about something through a community vote, they get rewarded for it. That way, community members will not only feel the need to vote when they feel strongly about the matter that is being voted on but also every time, as each new vote is a chance to earn.

That way, Flockerz will ensure high levels of participation, and in turn, continue decentralization of its project. On top of that, it offers massive staking rewards, currently at 923%, to those who lock up their FLOCK tokens, allowing them to earn even more.

So far, the community loved the idea, and the project’s ICO blew up, raising over $2.24 million in only a few weeks. Many have recognized its potential, and are buying massive amounts while the project is still in presale, and its price is low, currently at $0.006053. You can buy FLOCK with a card or crypto, specifically ETH, USDT, and BNB. Just don’t wait too long to do it, as its price will see its next scheduled increase in only two days.