Technicals point to a 60% Dogecoin price jump as the crypto bull run continues ahead of the launch of X payments

Dogecoin (DOGE) has rallied another 27% this week, reaching a new yearly high of $0.48 on Nov. 23. The memecoin’s monthly gains are a whopping 236%, and it remains the third-highest traded crypto asset based on 24-hour trading volumes with $19.

Like other meme coin projects out there, Dogecoin is an inflationary token without a supply cap. This means that in theory, an unlimited number of Dogecoin can be minted, though the project does burn tokens from time to time in a bid to keep the increase in supply at around 5 billion coins per year.

DOGE peaked at $0.44, now in consolidation after wave 3. Wave 5 target is $0.50, contingent on holding support. Key support lies at $0.37, with

The price of DOGE is being questioned as to whether it can reach $0.75 by the end of the month. At the same time, another developing cryptocurrency, DTX Exchange (DTX), is also attracting attention with the forecast of its rapid development by 2025.