The dream of Dogecoin reaching $1 is alive and well among its community, even though the coin remains stuck under $0.20.
Despite the modest price, optimism has returned, with DOGE gaining over 17% in the past week and climbing another 2% in the last 24 hours. Some analysts are now suggesting that conditions are lining up for a major breakout that could finally push the meme coin toward its long-awaited milestone.
Crypto trader Kamran Asghar recently pointed to a bull flag formation on Dogecoin’s weekly chart, a pattern often seen before a strong upward continuation.
He believes a breakout could first send DOGE toward the $0.22 mark, and if momentum holds, further technical projections show targets as high as $0.44 — and even above $1, based on Fibonacci extensions.
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Meanwhile, another well-followed trader, known as Trader Tardigrade, highlighted a bullish crossover on the MACD indicator using Dogecoin’s 3-day chart.
Historically, similar MACD patterns have preceded explosive rallies for DOGE. Tardigrade argues that if the pattern plays out again, Dogecoin could surge beyond $1.30 in the coming months.
Currently trading around $0.186, Dogecoin still faces resistance at the $0.20 level. A strong close above that threshold could be the first real sign that the next leg higher is underway, especially if broader market momentum returns to favor meme coins.
Alexander Stefanov
