After Tesla CEO Elon Musk revealed he had invested within the meme coin, Dogecoin loved a meteoric rise in recognition in 2021. Final 12 months, DOGE was the discuss of the city and introduced in hundreds of thousands of recent traders to the cryptocurrency markets. In Could 2021, the worth of the meme coin soared to $0.73, leaving early traders sitting on sizable earnings.
A number of traders who purchased the coin when it was buying and selling for lower than one cent turned millionaires in a single day. Nevertheless, after reaching its ATH, Dogecoin’s worth fell precipitously, by no means to rise once more, even 19 months later.
As per the info from CoinMarketCap, DOGE has spiked in worth by 1.65% within the final 24 hours. DOGE is buying and selling at $0.07839 at press time.
DOGE worth evaluation for December 18
CoinMarketCap knowledge reveals that DOGE is buying and selling at a $0.07755 assist stage on the hourly chart. DOGE has set the resistance at $0.07949. If DOGE is more likely to proceed on this trajectory, it’s in all probability going to the touch the $0.8 zone.
If DOGE breaks the $0.08 stage, it’s more likely to enter the $0.084 zone. Nevertheless, when it comes to the weekly chart, the worth is more likely to contact the $0.07053 assist stage.
Nonetheless, DOGE is more likely to break all predictions and skyrocket if the meme coin is included as a fee methodology on Twitter.