Dogecoin to the Moon? Here's Why Experts Are Predicting a $0.2 Price

Dogecoin (DOGE) price continues to hover around the $0.09 area, but on-chain analysis suggests it could be poised for another leg up.


Daily transactions on the Dogecoin network have surged back above 1.3 million, fueling the recent price rally.

The rapid increase in transactions has been attributed to the Dogecoin Ordinals (DRC-20) wave and organic growth in network activity.

 For DOGE price to reach $0.2, it must first break through the psychological resistance level at $0.10.

The Global In/Out of the Money (GIOM) data shows that 253,050 million current DOGE holders could sell their holdings if the price reaches $0.10.

 If DOGE price can surpass $0.10, it could trigger a significant upswing towards $0.2.

On the downside, if DOGE price dips below $0.07, the 628,230 holders that bought 41.9 billion DOGE at an average price of $0.077 could offer support.

Overall, the on-chain data suggests that the ongoing Dogecoin price rally has the potential to continue.

However, investors should be aware of the potential for profit-taking at $0.10 and selling pressure at $0.07.

Only time will tell if DOGE price can reach $0.2, but the current trends are positive