Dogecoin Rebounds To $0.15, Daily Active Addresses Spike 14%

by Khyathi Dalal Benzinga Staff Writer

Zinger Key Points

Dogecoin rebounds as analysts predict potential 315% surge, despite volatile crypto market conditions.
Dogecoin's resilience shines with 13.7% increase in daily active addresses, 80% holders in profit and strong correlation to Bitcoin.
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Dogecoin DOGE/USD is bouncing back from its price slump, prompting analysts and traders to voice bullish predictions.

What Happened: Crypto analyst Javon Marks is optimistic about Dogecoin’s prospects. Since breaking out of its resistance trend, the meme coin has already seen a roughly 234% upside move. Marks believes this could be followed by a healthy pullback, potentially leading to a more than 315% uphill run to the $0.6553 target.

Rafaela Rigo, a popular crypto trader, predicts Dogecoin’s price could reach $1 during this cycle. She shared her thoughts on X (formerly Twitter):

$DOGE
Price expectation for this cycle is above $1.00. 25X from it's lower price point is what I would like to see for my first target. Short term still bearish and entry price can be lower. I am in!!! pic.twitter.com/RRiytqcVY5
— ⭐RᗩᖴᗩEᒪᗩ