DOGE’s Resurgence: Is Now the Time to Invest Under $1?

Dogecoin (DOGE) has recently captured investor attention with a significant 30% price surge over the past month. This upward momentum is attributed to a $500 million investment pledge from Bit Origin and a favorable regulatory environment under the TRUMP administration. Despite these positive developments, Dogecoin's inherent volatility remains a pressing concern for potential investors. Originally created as a lighthearted meme, DOGE lacks substantial utility or groundbreaking technology, making its price movements highly dependent on hype cycles—such as endorsements from high-profile figures like Elon Musk. As of August 2025, the question lingers: is Dogecoin a worthwhile investment while it trades under $1, or is its volatility too risky for serious consideration?

Should You Buy Dogecoin While It's Under $1?

Dogecoin (DOGE 1.37%) has reignited investor interest with a 30% surge over the past month, fueled by a $500 million investment commitment from Bit Origin and a favorable regulatory climate under the TRUMP administration. Yet, the meme coin's volatility remains a critical concern.

Originally conceived as a joke, dogecoin lacks fundamental utility or technological innovation. Its price swings hinge on hype cycles—Elon Musk's endorsements and viral trends can propel it, while negative sentiment triggers steep declines. Despite recent gains, DOGE remains down 28% year-to-date, underscoring its speculative nature.

Dogecoin Shows Signs of Recovery Amid Weak Derivatives Data

Dogecoin rose 5% on Monday, attempting to break through the $0.21 resistance level after a 35% decline over the past two weeks. The memecoin's rebound aligns with a broader crypto market recovery, though derivatives metrics remain subdued.

Open interest in Doge futures has dwindled from 19.69 billion to 15.36 billion tokens during the downtrend, while funding rates persist at depressed levels. This derivatives weakness contrasts with improving technical indicators that suggest potential upside.

Whale activity shows some accumulation, with entities holding 10-100 million DOGE adding to positions. The divergence between price action and derivatives data creates an uncertain near-term outlook for the cryptocurrency.

Dogecoin Nears Critical RSI Level That Sparked Previous 70% Rally

Dogecoin's price action mirrors its July surge before stalling alongside broader market trends. Bears have forced a retreat below $0.20, yet bullish sentiment persists as traders anticipate a temporary correction.

Analyst KrissPax highlights a recurring pattern: DOGE's 4-hour RSI approaches the sub-30 zone that preceded June 2025's 70% monthly rally. Current price levels differ, but the technical setup suggests potential for comparable upside.