Analysts say Dogecoin has a 60% chance of hitting $1 before Jan. 31.
Dogecoin's (DOGE) price is up 10% on Jan. 17, forming a higher value of $0.42 on the one-day chart. A candle close above $0.40 will signal a strong trend reversal for the memecoin, which has consolidated between $0.45 and $0.30 since Nov. 11.
Dogecoin 1-day chart. Source: Cointelegraph/TradingView
With the crypto market picking up steam ahead of President-elect Donald Trump’s move back into the White House, traders expect another blitz breakout for DOGE next week.
