$DOGE
DOGE
Dogecoin Could Hit $1 as Bullish Signs Build Up
Dogecoin is still trading under $0.20, but loyal investors believe it can eventually reach $1. Lately, Dogecoin has been showing some strength—it’s up 2.1% in the last 24 hours and 17% over the past week. Even though the price is still low, technical charts suggest it could be getting ready for a big rally toward the $1 mark.
According to analyst Asghar, a breakout from the current flag pattern could send DOGE quickly to around $0.22. He said it’s “time to shine for Doge” and predicted the price could take off.
DOGE has been moving within a rising channel since the beginning of 2024. After a recent dip, the price seems to have bounced off the lower support of this channel, which is a good sign for bulls.
Asghar used the Fibonacci extension tool and predicted a move up to $0.44, with a long-term target of $1.09. This technical setup shows there’s real potential for the price to rise sharply if momentum builds.
Another analyst, Trader Tardigrade, pointed out a bullish signal on the 3-day MACD chart. He said this MACD crossover suggests the downtrend is over and that the market is shifting upward. Shorter timeframes are also lining up with this signal, pointing to a steady rise.
Tardigrade shared a chart showing three past MACD crosses that led to strong price jumps. In each case, DOGE surged for weeks. He believes that if momentum continues, Dogecoin could even climb past $1.30.
Currently, DOGE is priced at $0.1862. If it closes solidly above $0.20 and the crypto market stays positive, reaching $1 could become a realistic goal.
