**When Will Dogecoin Reach $1?**
Analyst VisionPulsed highlights Dogecoin's diagonal resistance line from early 2024, noting that the downtrend has been broken regardless of how it’s drawn. This decline was one of five key hurdles—referred to as "layers of hell"—a reference to stacked Fibonacci retracements and moving-average caps that have limited rallies since Dogecoin’s 2021 peak. According to VisionPulsed, three of these resistance levels have turned favorable, while the fourth—the 0.618 retracement—has temporarily stalled price movement.
He points out that every major trend break in this cycle has been followed by a pullback to "back-test" the former resistance as support. Drawing parallels to Bitcoin, he recalls two instances where the market retraced 50–60 days to revisit the trendline before continuing upward.
VisionPulsed’s analysis hinges on Bitcoin’s breakout, which he believes is further along than Dogecoin’s. He identifies $94,000 as Bitcoin’s final bearish hurdle, where the 0.618 retracement and a key horizontal resistance level converge. "This $94,000 range is essentially the last major resistance before a full-blown bull market resumes," he states. His projections suggest that a breakthrough could propel Bitcoin toward $100,000 and even $128,000, potentially pulling Dogecoin upward as well.
However, if Bitcoin faces rejection at $94,000 and falls back to retest the broken trendline, the market could stabilize, prolonging Dogecoin’s downward trajectory. VisionPulsed emphasizes that these levels are conditional markers rather than guarantees, having learned from past predictions that didn’t materialize.
On a macroeconomic level, he monitors the euro-dollar exchange rate, noting its correlation with Bitcoin’s local tops in this cycle. If the euro weakens while Bitcoin approaches the mid-$90,000s, history suggests a near-term crypto peak could follow. Still, he avoids predicting a definitive market top, stating, "We’ll address that when the time comes."
