Dogecoin Price On Run, Will DOGE Price Smash $0.5 This Month?

The past weekend proved to be pretty bullish as Bitcoin price after a long gap smashed the 200-MA levels yet again. As the bears falling short of strength, the Dogecoin price surged with a decent margin. Despite a significant jump, yet the DOGE price fell an inch short in smashing the strong resistance levels around $0.285. 

 The price which was stuck in ranges around $0.2, received a significant boost to reach $0.25.The ongoing Infrastructure Bill which appears to be hanged up currently is expected to highly impact the crypto market in the coming days. An so as on the DOGE price which could have a passive rally if the bill does not go in favour of crypto space.

Also Read: Dogecoin on a Roll! Can DOGE Price Break $0.3 Level In Coming Days ?

A popular analyst rolls out his prediction for the month of August 2021 considering all possible scenarios. Firstly, or if the bill goes in favour or if the bill goes against. 

The analyst has marked three different resistance levels considering the three possible outcomes. A per him, DOGE price could rally above $0.36 if the number of votes for the Bipartisan bill does not go in favour of cryptos. Else the price could jump at $0.5 levels and with the crypto bull run 2.0, the price can even hit $0.60. 

On the other hand, the dogecoin price recorded nearly 27.4% growth in the past seven days. And moreover, according to the on-chain platform IntoTheBlock, over 66% of the addresses holding DOGE are in a state of profit. Thus with the growing positive market sentiments, DOGE price could also follow a similar path, $1 could be imminent by end of 2021.