The possibility of Dogecoin reaching $1 has become a hot topic for debate among analysts and investors. Recent predictions state that the asset may do well in the next bill market cycle and can even potentially go past previous record highs.
As of now, DOGE traded at $0.13820 with a 0.53% price increase.
Analysts Predict Dogecoin’s Strong Performance in 2025
A crypto analyst by the name of Davinci Jeremie recently posted a video on YouTube about the future price prospects of Dogecoin.
He was specific about a bull run in 2025 and decisively said,
“Dogecoin is going much higher, probably to $1.”
Jeremie insisted that the next bull run, driven by Bitcoin’s performance, will catalyze Dogecoin reaching new heights.
In a separate analysis, Ali Martinez posted a prediction on X, encouraging investors to consider adding Dogecoin to their portfolio. He went on to say, “To anyone who said $10 Dogecoin is impossible—show them this chart!”
In his post, he explained that, provided with certain market conditions, the Dogecoin price could soar to a much higher price level.
DOGE Current Price Action Shows Positive Trends
Following the Dogecoin price chart, the price was in the consolidation zone near $0.13820 after experiencing some reversal from the immediate high.
The support level at press time was at $0.13500, while the resistance was situated between $0.1400 and $0.14500.
The Relative Strength Index (RSI) at 62.39 indicated bullish sentiment without being in the overbought zone. An RSI above 60 can be considered favorable for buying, but recent oscillations showed minor selling pressure. If the price extends above 50, Dogecoin has the potential for a further upward price surge.
On the other hand, MACD indicated further positivity as the MACD line was above the signal line. A bearish crossover can lead to a short-term correction but remains a long-term bullish trend.
Investors Remain Optimistic About DOGE Future Price
Besides Martinez and Jeremie’s forecasts, other analysts also agree that Dogecoin has the potential for higher trades as long as the overall market performance changes positively.
Another X user suggested that if Bitcoin reached $300,000, Dogecoin could push to $12. This sentiment showed that an increase in Bitcoin price could impact the price of Dogecoin.
However, to maintain such an upward trajectory, DOGE has to overcome the key resistance level of around $0.14000 to $0.14500. If it manages to surge above this zone, it can get the required momentum to touch other higher targets.
Any decline below $0.13500 could signal further retesting of this level before any sustainable upward market movement.
As Dogecoin’s price continues to fluctuate, analysts remain divided on its short-term trajectory but optimistic about its long-term potential. The coming months will be critical in determining whether Dogecoin can reach the highly anticipated $1 mark.
