Dogecoin (DOGE) is back in everyone's mouth. After weeks of correction, the price threatens to retest the $0.20 zone, but at the same time, several analysts claim that this pullback could be the precursor to a historic move towards the psychological milestone of $1.
The narrative driving Dogecoin
Cryptocurrency expert Mags claims that Dogecoin could triple its value in this cycle, leading what he calls the “second wave of the memecoin supercycle.”
Elon Musk's backing: it's still a key factor in market perception.
Institutional adoption: the firm CleanCore, chaired by Musk's lawyer, Alex Spiro, has already accumulated over 600 million DOGE and seeks to expand its treasury to 1,000 million coins.
Dogecoin ETF: its launch generated initial momentum up to $0.30, validating the relevance of DOGE in the crypto ecosystem.
Technical perspective: supports and resistances
Although optimism is high, the chart shows that the path to $1 will not be linear.
Key support: $0.20 – $0.22 (accumulation level).
Immediate resistances: $0.30 and $0.35.
Intermediate target: surpass the ATH of $0.73.
Psychological target: $1, which would represent an increase of +195% from current levels.
Lessons from the past
In previous cycles, Dogecoin surprised with parabolic rallies of +400% in a matter of weeks.
The pattern repeats: long periods of consolidation followed by an explosive rebound. This reinforces the idea that patience is as important as the entry strategy.
Conclusion
The path to $1 is not guaranteed, but the fundamentals and the narrative around Dogecoin are stronger than ever.
With institutional backing, presence in ETFs, and the ever-influential Musk factor, DOGE could once again be a key player in this bull market.
👉 For traders and investors, accumulating during pullbacks near supports can be the strategic play before the next rally.
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