An April Fool's poll in 2019 brought Dogecoin back to life when Elon Musk was voted the CEO of Dogecoin. Of course, this was not a legitimate position, as the currency is decentralized. Still, Musk embraced the title on his Twitter, pumping the price 94% in the five days that followed. Would dogecoin go up Firstly, as you can see from the price analysis above, Dogecoin’s price is trapped in a falling wedge pattern. Usually, when this happens, it means that a bullish break is due to happen anytime soon – which is excellent news for Dogecoin investors. There is also a strong support level around the $0.1700 region, which seems to be containing the Dogecoin price.

Additionally, trading platforms eToro and Gemini listed the memecoin, drastically expanding its reach. eToro alone has 20 million users, who can now easily buy DogeCoin through its platform.  What Is Dogecoin? Dogecoin, originally conceived as a lighthearted meme-inspired cryptocurrency, has captured the attention of the crypto world with its unexpected popularity and real-world utility. We analyze the key factors shaping DOGE price dynamics and technological advancements, offering valuable insights into the potential path that Dogecoin may take. For an in-depth understanding of the cryptocurrency's future trajectory, read our Dogecoin price prediction.