Dogecoin Targets $1—But Will the Memecoin’s Floor Hold at $0.185?
Dogecoin’s latest rally has traders whispering about a $1 price target—yet again. But beneath the hype, a critical question lingers: can DOGE’s current support level at $0.185 withstand another crypto market tantrum?
Technical analysis shows bullish momentum, but let’s be real—this is the same asset that once moved because Elon Musk tweeted a dog meme. If the $0.185 support cracks, the ’to the moon’ crowd might need a parachute.
Meanwhile, Wall Street hedge funds are still pretending they ’always believed in the utility of memecoins.’ Sure, Jan.
Breakout at $0.185 or Breakdown Below $0.178?
Crypto analyst BitGuru previously mentioned $0.185 as the critical breakout level to unlock the move to $1. With price action now at that exact level the setup is playing out. The retest at $0.178 could be the second chance for bulls—provided volume supports the bounce.
Support levels: $0.178, $0.174, $0.170
Breakout resistance: $0.185
Next bullish targets: $0.189, $0.1929
Key support to watch: 50 EMA at $0.1783
Bullish Sentiment Remains Despite Short-Term Dip
Overall picture is still bullish. DOGE gained 4% in 24 hours and 20% in 7 days but declined 5.47% in 30 days. On-chain metrics are mixed, volume dropped 14% to $1.5 billion but the price structure is holding up.Crypto strategist Master Kenobi is still bullish, DOGE could reach $0.90 in 55 days if it breaks above trendline. His mid-June target depends on confirmation from this consolidation zone.
Conclusion: Watch $0.185—Breakout Means Liftoff
DOGE is not out of the woods yet but price action is showing bulls are defending the zone. Above $0.178 and above $0.185 and we could see a push to $0.1929 with longer term targets back in play. A sustained breakout could mean the road to $1 but for now the memecoin’s future is dependent on how it handles this retest.
