The price of Dogecoin (DOGE) is attracting attention again from analysts, with many opinions suggesting that a parabolic rise to the $1 mark is not only feasible but also highly likely in the current context.
The technical structure indicates strong upward momentum
Analyst Trader Tardigrade has shared a notable daily price chart, showing that DOGE is forming a clear parabolic pattern—a classic signal indicating that a strong bullish trend is being reinforced. Consecutive candles are forming an upward curve, reflecting increasing buying pressure.
Based on this curve, DOGE may advance to short-term target price ranges at $0.52 and $0.68, before challenging the $1 mark—a significant psychological milestone. These levels have also previously served as support/resistance in prior growth cycles, increasing the reliability of the bullish scenario.
Ichimoku confirms the breakout trend
Another analysis using the Ichimoku Cloud model shows that DOGE has broken out of the long-term resistance cloud around $0.22. Two main components, Tenkan-sen and Kijun-sen, have crossed in a positive direction—reinforcing the medium-term bullish outlook.
Additionally, DOGE is also forming a flag pattern right above the old resistance zone—usually a continuation signal. The next target is identified at the $0.58 range, coinciding with historical resistance and lying between the current price range and all-time highs.
On-chain data indicates a key resistance zone at $0.36
According to the analysis from analyst Ali Martinez based on data from Glassnode, the price range of $0.36 is the next important resistance level, where over 5.2 billion DOGE is being held. However, URPD data shows that the actual volume from the current price range to $0.36 is very low, indicating that DOGE may approach this range without facing much selling pressure.
If DOGE can surpass $0.36, the scenario of rising to $0.52, $0.68, and ultimately $1 will become clearer than ever. The technical factors and on-chain data are currently in agreement, providing a solid foundation for a new bullish cycle for Dogecoin.