Dogecoin Primed for Explosive Rally—$1 Target Still in Play Despite Wall Street Skepticism

Meme coin defies gravity as technical indicators flash bullish signals. Retail traders pile in while institutional analysts scoff—proving once again that crypto markets laugh at ’rational’ valuations.

Key drivers fueling the DOGE surge:

- Whale accumulation spikes to 3-month highs

- Bitcoin ETF inflows creating altcoin liquidity tailwinds

- Elon Musk’s X platform integrating DOGE payments

Technical outlook: The 200-day moving average just turned upward for the first time since 2021’s parabolic run. If DOGE holds above $0.15 support this week, the path clears for a retest of all-time highs.

Wall Street remains predictably dismissive (’It’s just a dog on a coin!’). Meanwhile, the people’s crypto keeps printing millionaires—and making short-sellers bleed.

Dogecoin Price Remains Very Bullish

Pseudonymous crypto analyst MMBTtrader on the TradingView website has outlined that the dogecoin price remains highly bullish. The current pump is expected to continue as Dogecoin has yet to hit any major resistance, thus setting it on a path to possibly double.

As the crypto analyst points out, the Dogecoin price could likely see a correction after rising so much recently. However, this is expected to only be short-term and would, in fact, fuel the rally and serve as a bounce-off point for further rallies. This corruption could happen just below $0.25. However, the analyst does point out that with the Dogecoin price being so bullish, it is possible that it rises higher than this level before the correction happens.

Presently, the only thing holding the dogecoin price back is the trend line outlined in red in the analyst’s chart. This serves as a deciding point for the meme coin, and a break above it is expected to push the price forward. In this case, the crypto analyst expects it to rise as high as $0.4. Additionally, they add that if it breaks above $0.4, it would signal an extremely bullish market, pushing the Dogecoin price toward $0.75, and then $1.

On the other hand, though, a failure to break above the trend line could signal the beginning of bearish pressure. As the chart shows, the first bearish stop WOULD be at $0.13548. Further downtrend could then send it below $0.1 to $0.09024.

DOGE Still Shooting For $1

Another crypto analyst has also suggested that the Dogecoin price could be heading for the $1 target. They explain that after the strong bounce of the $0.14 support, Dogecoin is now showing signs of a bullish reversal on the weekly timeframe. This casts a wider net for targets for the meme coin’s price as the uptrend plays out.

From here, the crypto analyst explains that if the Dogecoin price can hold, then the next main target is $1. For this to happen, though, volume confirmation and how the price performs in the next few weeks are crucial. “DOGE might just be gearing up for another historic run,” the analyst said.