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Like other meme assets, Dogecoin is quietly surging toward a positive move on a year-to-date basis. While still a couple pennies off from this level, there’s certainly the potential for this token to catapult toward new highs in short order. That is, if this momentum continues.
Various technical indicators suggest this rally could just be getting underway. For high-risk tokens such as Dogecoin, reading the charts may be one of the only ways to get a handle on how this volatile asset may trade. Additionally, high levels of short liquidations are boosting these moves further, creating a rather volatile environment (which is great on up days).
With all that said, let’s dive into where the experts think this token could be headed.
For context, DOGE currently trades at 15 cents per token, at the time of writing.
On the date of publication, Chris MacDonald did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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