Dogecoin’s price saw a notable increase of 16% in just 24 hours, breaking past resistance levels and stabilizing above 0.39 USD. The positive shift in the market has been attributed to whale accumulation during the correction phase.

With its price now significantly lower than analyst predictions, there’s room for further growth. Experts have set a price target of 1 USD during this bull cycle, although reaching this would require the value to more than double from its current state.