Dogecoin Surges 44%—Is a $1 Breakout Next?

Dogecoin’s latest rally has traders buzzing—after a 44% pump, the meme coin flirts with the psychological $1 threshold. But can it dodge the usual crypto hype cycle?

DOGE bulls are loading up, betting against the skeptics who still see it as a ’funny internet money’ experiment. Meanwhile, Wall Street analysts clutch their pearls—because nothing terrifies traditional finance like a Shiba Inu with a market cap.

Technical charts show momentum building, but history warns: what goes up in crypto often comes down harder. Will this time be different? Grab your popcorn—and maybe some risk management.

With recent FUD easing, the door has opened to bullishness.

Traders appear to be positioning for a continuation, with the Binance long-to-short ratio of 2.23—69% of traders have bet on price increases.

Dogecoin Price Analysis: Is DOGE Ready to Hit $1?

This renewed bullish sentiment could fuel a breakout from Dogecoin’s current consolidation zone—and potentially end the broader descending channel that’s shaped its multi-month downtrend.

Momentum indicators further support this outlook. The MACD has formed a golden cross, surpassing the signal line, typically a strong indicator of a longer-term trend reversal on higher time frames.

More so, the RSI is holding firm above the neutral 50 mark at 53, suggesting sustained buying interest is outweighing any short-term profit-taking.

If momentum persists, a breakout could drive the Doge price toward $0.45—an 87% potential gain from current levels.

From there, a more substantial catalyst will likely be needed to drive the next dogecoin price wave, such as the June 15 decision deadline on a US spot DOGE ETF.

Traders should watch for a confirmed breakout above $0.25 to avoid a false signal, while the 50-day SMA at $0.195 stands as the next major support level if a correction unfolds.

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Presale investing has become a popular strategy, offering a hedge against recent economic uncertainty-driven downturns and a shot at above-average returns.

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