Dogecoin, known as a meme coin, is currently experiencing notable price volatility and enjoys a robust fan base. As of now, it is priced at $0.19 and holds a strong market cap of $28.5 billion.
The current technical setup for Dogecoin displays a rounding bottom pattern on the weekly time frame. Charts showing such patterns often indicate potential future price increases, suggesting that Dogecoin could surpass the $2 mark in the future.
However, before Dogecoin reaches this milestone, there's potential for a competitor, currently priced at a much lower $0.07, to experience significant growth. This signifies a trend of substantial price changes in the meme coin sector as investors keep a close eye on these developments.
