Dogecoin Eyes $1 as Bullish Setup Strengthens
Dogecoin’s breakout from a months-long downward channel on July 15 marked a shift from persistent selling to renewed upside potential. A brief pullback to the breakout zone on July 21 confirmed bullish control, with price finding firm support at the 0.61 Fibonacci retracement.
Since rebounding from $0.188 on August 2, DOGE has posted three consecutive bullish 3-day candles — a sign, analysts say, that over-leveraged longs have been cleared and the market is primed for a higher move.
Key upside targets now include:
$0.32 – aligns with the 0.236 Fibonacci barrier and former strong support.
$0.40 – critical resistance; a breakout here could trigger an “extremely bullish” phase.
A decisive move above $0.40 could propel DOGE past its $0.73 all-time high toward $0.75 and ultimately the $1 milestone.
