Dogecoin’s $1 Dream: What Needs to Happen First
Dogecoin fans may be eyeing that magic $1 milestone, but one analyst says the stars aren’t aligned just yet.
According to his market breakdown, Dogecoin’s next explosive move depends heavily on Ethereum (ETH) breaking into new all-time highs — and a few other big-picture factors falling into place.
Right now, ETH has cleared $4,000 and set a new cycle high, but it still sits under two key resistance levels from 2021: the May 2021 peak and the overall all-time high. “Once ETH clears those levels, the bull market will be officially on,” he explains. Until then, talk of “Doge to the moon” might be a little early.
For now, DOGE is stuck in a bumpy accumulation phase — a bottoming process with possible fakeouts in both directions. Even if the setup looks bullish, market-wide weakness could still trigger “one more dip” before altcoins get their season in the sun.
The timing factor:
Looking at past cycles, around 486 days after a Bitcoin halving has been a critical turning point — both in 2017 and 2021. Those windows saw a sharp correction followed by a final rally before the cycle peak. We’re approaching that same timeframe again.
The liquidity lens:
Global M2 money supply growth supports risk assets right now, but history shows it’s not a guarantee. The analyst’s take: “We’ll lean on it while it works — but it’s not a sure ticket to a bull run.”
The 3 conditions for Doge’s run to $1:
Ethereum breaks above its 2021 all-time high
The halving-cycle ‘extension’ window kicks in
Global M2 growth continues to fuel investor appetite
Until all three boxes are checked, Dogecoin’s $1 breakout remains a work in progress — but the roadmap is clear.