Dogecoin price soared over 2% today, indicating a renewed market interest in the leading meme coin. Amid the current surge, a top market expert has further fueled discussions with his bold prediction, hinting towards a potential DOGE rally to $2 by this month’s end. So, here we explore the recent performance and the likely future movements of the leading dog-themed meme coin. Dogecoin Price Soars 2%: Rally To Sustain? Dogecoin price today soared more than 2% and exchanged hands at $0.1673 and its one-day volume fell 32% to $1.21 billion. Notably, the token has touched a 24-hour low of $0.15. However, despite the current gains, the leading meme coin has lost nearly 8% weekly while witnessing a slump of over 17% in the monthly timeframe. Besides, a recent DOGE price prediction indicates that the meme coin might hover near the $0.15 level in April. Despite that, Dogecoin Futures Open Interest was up 7%, indicating a strong market confidence towards the asset. On the other hand, a top market expert also predicted a potential rally ahead for the token. Dogecoin price May Rally To $2 A well-known crypto expert CryptoELITES has shared a bullish forecast for Dogecoin. In a recent post on X, the analyst highlighted a chart showing the next key targets for DOGE. According to the projection, the meme coin will likely climb to $0.75 next, followed by a breakout to $1.50 and even $2.70. Meanwhile, the expert noted that Dogecoin price has already bottomed out, and he expects the price to touch at least $2 by the end of April or early May. This bold call has added fresh excitement to the meme coin market, especially as traders look for signs of the next breakout coin amid a choppy crypto landscape. Source: CryptoELITES, X Besides, the prediction comes at a time when meme coins are witnessing another wave of popularity. Dogecoin, the original meme coin, remains at the center of the hype. This renewed attention could help the coin regain strong momentum in the short term. Here’s Key Levels To Watch Ahead For DOGE While the $2 target has caught headlines, other analysts have offered cautious optimism. Crypto expert Ali Martinez recently highlighted a key support level at $0.16. According to Martinez, if DOGE price manages to hold above $0.16, a rally toward $0.57 could follow. However, he also warned of downside risks. If Dogecoin price breaks below that level, the price might crash down to $0.06. This has made $0.16 a critical zone for traders keeping an eye on the coin’s next move. Source: Ali Martinez, X Meanwhile, this prediction also comes amid soaring tensions among the market participants. For context, a recent report indicates that Elon Musk’s leaving the D.O.G.E. (Department of Government Efficiency) might negatively impact the Dogecoin price ahead. The post Dogecoin Price Eyes Rally To $2 By April End, Top Analyst Predicts appeared first on CoinGape .
