Dogecoin is expected to surge by 500%, breaking $1 in August!

Dogecoin has once again attracted market attention, not only because of its meme appeal but also due to its strong price performance. Multiple cryptocurrency analysts predict that this popular coin may experience a strong rally, with prices potentially approaching $1 in the coming months.

Key support level: $0.30

Currently, Dogecoin's price is around $0.18, close to the key support line. Analysts believe that while the price may temporarily pull back to $0.14, this presents a good buying opportunity. If Dogecoin rebounds, the target price is $0.30, which would mean a 76% increase.

Strong trend: 200% upside potential

Another analyst pointed out that Dogecoin is reaching a strong support level, which has prompted price rebounds since early 2024. If it holds above this support, Dogecoin could rise to $0.50, representing a potential increase of 200%.

Surge of 500%, target $1

More aggressive predictions indicate that Dogecoin may experience a 500% surge. If its price skyrockets as it did previously, it is expected that by August 2025, Dogecoin will break the $1 barrier.

Institutional investors flock in

The interest from institutional investors is also heating up. Multiple cryptocurrency ETF applications indicate that Dogecoin is gradually transforming from a 'meme coin' to an important market participant, further enhancing its price increase potential.