Is Dogecoin on Track for $2? Analyst Patel Sees a Strong Rally Ahead

As reported by Coingape, the Dogecoin price is potentially poised for another upswing after successfully breaking through a resistance level that has held for several weeks.

Crypto analyst Patel expects DOGE to reach a price of $2. Meanwhile, the SEC’s chances of approving a spot ETF are increasing, attracting the interest of whale investors.

On August 9, DOGE was trading at $0.24 with a gain of 7.75%.