Prominent crypto trader "WSB Trader Rocko" believes that Dogecoin (DOGE) is unlikely to trade below $0.40. The trader predicts that DOGE has a 60% chance of reaching the long-coveted $1 price point by the end of January 2025. This optimism is based on a double-bottom formation on DOGE's daily candle chart. WSB Trader Rocko also suggests that Tesla CEO Elon Musk's involvement in the Donald Trump-proposed Department of Government Efficiency could act as a catalyst for DOGE's price increase. Another crypto analyst, Ali Martinez, predicts that DOGE could begin the second leg of its parabolic run next week, coinciding with President-elect Donald Trump's inauguration. Currently, DOGE is trading below $0.40 at $0.3858.



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