Dogecoin to $1? Analyst Reveals the Bullish Case Behind the Meme Coin’s Surge

Forget Wall Street's blue chips—Dogecoin's gunning for a dollar, and one analyst says the meme coin's got the gas to get there.

Here's why the joke might be on the skeptics this time.

The Elon Factor: More Than Just Tweets

DOGE's price pumps still hinge on crypto's favorite billionaire cheerleader—but this rally's got deeper roots than Twitter hype.

Exchange Listings Fuel Mainstream Adoption

Every new trading platform adding DOGE brings fresh blood (and liquidity) to the party. Robinhood traders are just the start.

Institutional Money Playing Both Sides

Hedge funds are quietly accumulating while publicly scoffing—classic 'buy the rumor, sell the news' behavior with a crypto twist.

Will DOGE actually hit $1? In a market where 'fundamentals' means which influencer hasn't shilled it yet—why the hell not?

MMB Trader expects 30 daily gain for DogecoinMMB Trader expects a 30% daily gain for Dogecoin The analyst noted that these levels are strong enough to halt the ongoing correction and potentially trigger a renewed upward move. For context, Dogecoin is trading at $0.2247, a 0.9% increase in the past day, increasing the monthly uptick to 38%. At this price, Dogecoin is slightly above the retracement levels. In technical trading, Fibonacci retracement zones often serve as areas where price consolidation ends and trend continuation begins, making them significant markers for possible price rebounds. Channel Breakout Signals Bullish Momentum for Dogecoin  The chart also indicates that Dogecoin has broken out of a descending channel, which had confined its price action since 2024. This breakout at $0.22, which occurred earlier this month, is considered a positive technical signal, often interpreted as the end of a downtrend. MMB Trader marks this breakout point in the chart with a label reading: “Here, when the channel resistance breaks to the upside.” Expectations of a significant price pump accompany the breakout if market volume increases. Dogecoin's Price Targets and Potential Gains The analysis projects that Dogecoin could surpass its high of $0.42 recorded in January. If momentum builds, price targets of $0.75 and $1 are within reach. The chart also identifies $0.405 as a key resistance level. A sustained move above this level could accelerate buying activity. MMB Trader anticipates a return of large green candles on the daily chart, with potential gains ranging from 20% to 30% per session if current support holds and trading volume increases. Another analyst, TraderLeo, also noted $0.206 and $0.213 as the accumulation points for Dogecoin. TraderLeo identified this range as a key support zone following a prolonged downtrend. Historical price action shows DOGE has previously rebounded from this area, and current volume levels suggest renewed buyer interest.

Trade LEO identifies accumulation zone for DogecoinTrade Leo identifies an accumulation zone for Dogecoin Meanwhile, on the 4-hour chart, BitGuru highlighted that a bounce from around $0.21389 on a 4-hour chart could signal a possible bullish reversal if momentum continues. Furthermore, a breakout above this range could trigger a 28% rally toward $0.240 to $0.250. 

BitGuru identifies reversal point for DogecoinBitGuru identifies the reversal point for Dogecoin Other analysts, including Kamran Asghar and Javon Marks, have also identified recurring bullish patterns, such as double bottoms and accumulation zones. Marks projected a potential long-term move of up to 226% toward the previous all-time high of $0.73905, and even higher targets at $1.42 and $2.11. Adding to these bullish sentiments, crypto analyst Ali Martinez noted that Whale wallets have accumulated 310 million dogecoin in the past day, increasing their total holdings from 72.65 billion to 73.34 billion.