DOGE to $1? Analysts Predict a 600% Rally Incoming
Dogecoin (DOGE) is expected to breakthrough again as its price activity resembles the bullish wave that preceded its rapid ascent in late 2024. After months of sluggish movement and negative pressure, the number one meme currency is exhibiting newfound vigor, suggesting a major upward cycle that might push its price over $1.
Master Ananda of has found that Dogecoin's technical tendencies closely resemble its November 2024 bullish breakthrough. Since its previous spike 217 days ago, the meme currency is poised for another big move, according to research. The estimated Fibonacci extension objectives put DOGE at $1.168, up 600% from current levels.
After the extended down market that started after Dogecoin's 2021 all-time high, the meme currency showed indications of life in early 2024, but the true surge came late. In the present cycle, this scenario returns in mid-2025. Dogecoin's price movement has entered a peaceful period with no large increases or severe declines since March, according to Master Ananda, providing a sturdy foundation.
Despite eight weeks of negative pressure between May and June, the meme currency maintained a significant mid-term higher low, signifying strength and accumulation. Master Ananda's chart reveals Dogecoin has printed green candles for three weeks, and this week's full-bodied green candle at the top suggests a breakthrough.
Low volatility preceded parabolic rallies in October 2024 and early 2021, as seen by the chart. Dogecoin might soar to $1 again if history repeats. Significant Fibonacci resistance levels are $0.212, $0.313, and $0.394.
The TradingView expert says the next crucial milestone to monitor is EMA233, which, if broken with a daily close, would indicate continued higher momentum and a full long-term bullish phase. Dogecoin is trading at $0.2, with objectives of $0.265 and $0.349. Both objectives have large Fibonacci resistance zones and recent structural highs.
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