The possibility of Dogecoin reaching $1 is a topic of debate among analysts and investors. Recent predictions are that the asset will perform well in the next stock market cycle and may even surpass its all-time highs.
DOGE is currently trading at $0.13820, up 0.53%.
Analysts predict strong performance for Dogecoin in 2025
A cryptocurrency analyst named Davinci Jeremie recently posted a video on YouTube about Dogecoin’s future price outlook.
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He spoke specifically about the 2025 bull market, declaring:
“Dogecoin will rise further, perhaps to $1.”
Jeremy argued that the next bull market, driven by Bitcoin’s performance, will be the catalyst for Dogecoin to reach new heights.
In another analysis, Ali Martinez posted a prediction on X and urged investors to consider adding Dogecoin to their portfolios. He went on to say, “To those who say $10 Dogecoin is impossible, show this chart!”
In his post, he explained that given certain market conditions, Dogecoin’s price could soar to even higher price levels.
DOGE’s current price trend shows a positive trend
Following the Dogecoin price chart, the price was in a consolidation zone around $0.13820 after experiencing a reversal from the recent highs.
Dogecoin 1 day trading chart | Source TradingView
At the time of writing, the support level was at $0.13500 and resistance was between $0.1400 and $0.14500.
The Relative Strength Index (RSI) stood at 62.39, indicating bullish sentiment but not in the overbought zone. An RSI above 60 is considered favorable for buying, but recent movements have shown some selling pressure. If the price rises above 50, Dogecoin is likely to rise further in price.
Meanwhile, the MACD showed further positivity as the MACD line exceeded the signal line. A bearish crossover may lead to a short-term correction, but the bullish trend remains in the long-term.
Investors remain optimistic about DOGE’s future price
In addition to Martinez and Jeremy’s predictions, other analysts agree that Dogecoin has the potential to see more trading as long as there is a positive shift in overall market performance.
Another X user suggested that Dogecoin could rise to $12 if Bitcoin reaches $300,000. This sentiment indicated that rising Bitcoin prices could impact Dogecoin prices.
However, to sustain such an upward trajectory, DOGE will need to overcome a key resistance level around $0.14000 to $0.14500. If you can surge past this zone, you can gain the momentum you need to reach other higher targets.
A decline below $0.13500 could signal the market to further test this level before making a sustained move higher.
As Dogecoin’s price continues to fluctuate, analysts are divided on its short-term trajectory, but are optimistic about its long-term potential. The next few months will be critical in determining whether Dogecoin can reach the long-awaited $1 mark.
