Dogecoin: The Focus of Cryptocurrency
Dogecoin is attracting attention with its potential for a significant breakout. Not only due to the appeal of memes but also thanks to promising growth numbers. Many leading cryptocurrency analysts predict that Dogecoin could reach nearly 1 USD in the coming months. History has shown that Dogecoin often surprises the market, and it seems this is about to happen again.
Target 0.30 USD: Significant Meaning
One point of expectation is the diagonal line on the Dogecoin chart, which has supported the price since October 2024. Ali Martinez, a cryptocurrency analyst, points out that each time the price touches this line, Dogecoin bounces back. Currently, Dogecoin is trading around 0.18 USD and near this support line. Martinez believes the price may dip slightly to 0.14 USD, but recommends this as a buying opportunity.
Three Increases and One Resistance Level – Aiming for 200% Growth
Analyst Andrew Griffiths states that Dogecoin is above a strong support level. This is a price point that has previously helped Dogecoin initiate two significant growth surges in 2024. This resistance level has remained stable for over a year. Now, in mid-2025, Dogecoin is touching this level again. Griffiths believes that if the price stays above the support level, Dogecoin could rise by up to 200%, reaching around 0.50 USD. However, if the price falls below, the surge may not occur.
Target 1 USD: 500% Breakthrough
Another anonymous analyst also predicts that Dogecoin could rise above its current level. The current price patterns are similar to previous surges, suggesting the possibility of a 500% breakout, reaching 1 USD by August 2025. This occurs alongside bullish signals from the RSI indicator and a breakout above the declining resistance level.
Interest from the Investment Club: Dogecoin ETF
Interest from institutional investors is increasing. Nasdaq recently filed for the listing of the 21Shares Dogecoin ETF, along with filings from Bitwise, REX Shares, and Grayscale. This demonstrates that Dogecoin is not just a meme but is becoming a serious player in the cryptocurrency world.
Source: https://tintucbitcoin.com/doge-chuan-bi-tang-500-cham-moc-1-usd-vao-thang-8/
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