[Analysis] "Dogecoin Could Reach $1 by February"

There is an opinion that Dogecoin (DOGE), the leading meme coin, could rally over 100% by February.

On the 17th (local time), Dogecoin is trading at around $0.4 on the Binance Tether (USDT) market, up about 10% from the previous day. Many analysts believe that if Dogecoin maintains the $0.4 level, it could rise to $1.

Crypto analyst 'WSB Trader' stated, "This moment might be the last chance to buy Dogecoin at the $0.4 level," adding, "There is a 60% chance that Dogecoin will reach $1 by the end of January. We must not forget the influence of Elon Musk and U.S. President-elect Donald Trump."

Another crypto analyst, 'Mickey Bull Crypto', also predicted that Dogecoin could explode past the $0.4 resistance line and reach up to $1.

Renowned crypto trader 'Daan Crypto' also evaluated, "Dogecoin is testing the resistance line again after recently surpassing $0.35. It seems to have established a strong foundation for a surge."

Crypto whales are also collecting Dogecoin. According to Santiment's data, whales purchased over 200 million Dogecoins over two days from the 14th to the 15th. During this period, Dogecoin surged about 13%.