Dogecoin’s “Doge army” questions whether their favourite meme coin will ever hit the $1 mark, let alone the ambitious $10 target forecasted by analyst Ali Martinez. Despite familiar patterns reminiscent of its 2020 behaviour, Dogecoin ($DOGE) dropped 8.4% in the last 24 hours.
Martinez predicted a parabolic rise in April, which never materialized. Bitcoin’s ($BTC) recent pullback from its all-time high, driven by macroeconomic factors, has dampened the broader crypto market’s momentum.
Dogecoin’s chart shows the potential to reach $0.20, a crucial level. Recent resistance and a rising relative strength index (RSI) of 36 suggest the worst of the selloff may be over, with possible new support forming at the current price. The Doge army remains hopeful but cautious as the market fluctuates.
